Harley-Davidson it expects to report $75 million in further restructuring prices for 2020 associated to actions together with discontinuing its gross sales and manufacturing operations in India.
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Harley mentioned earlier that it deliberate to scale back its product portfolio and exit decrease quantity markets
U.S. bike maker Harley-Davidson mentioned on Thursday it expects to report $75 million in further restructuring prices for 2020 associated to actions together with discontinuing its gross sales and manufacturing operations in India.
The announcement comes two months after Harley unveiled a technique to shift focus again to extra worthwhile bikes and core markets akin to america.
Additionally Learn: Harley-Davidson May Exit India Due To Poor Sales: Report
Harley-Davidson mentioned it now expects complete restructuring prices of about $169 million in 2020
Harley mentioned earlier within the yr that it deliberate to scale back its product portfolio and exit decrease quantity markets, with out specifying which of them.
Additionally Learn: Harley-Davidson Future Model Plan Could Be Shelved
The corporate mentioned it now expects complete restructuring prices of about $169 million in 2020, and this will even embody a workforce discount of about 70 staff in India, a market the place its annual gross sales volumes account for lower than 5% of the corporate’s complete.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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