NYSE:HOGAuto
Harley-Davidson (HOG) Is Up 7.4% After Announcing Major Global Job Cuts To Unlock Cost Savings
Harley-Davidson has recently begun reducing its global workforce after reporting a 26% drop in 2024 profits and a US$29 million operating loss in 2025, which the company partly attributes to higher tariff costs.
Management is targeting at least US$150 million in annual run-rate savings from 2027, aiming to address overcapacity and a cost base misaligned with demand while facing tariff expenses that reached US$67 million in 2025 and are expected to be between US$75 million and US$105 million...