Harley-Davidson expects to lay off 5 percent of workforce

225 salaried employees are expected to be laid off
Posted at 9:59 AM, Oct 19, 2016
and last updated 2016-10-19 11:16:07-04
 MILWAUKEE (AP) -- Harley-Davidson Inc. says it expects to lay off about 225 salaried employees company-wide by the end of the year as it cuts costs amid a sluggish U.S. motorcycle market.
 The cuts amount to about 5 percent of the company's workforce. The Milwaukee Journal Sentinel reports  about 70 contractors also will be affected.
The company says it will incur up to $25 million in employee separation and reorganization costs as it cuts production and reduces workers.
 Harley-Davison has 1,024 salaried employees at its Milwaukee headquarters and 3,246 salaried employees worldwide. The company is not disclosing specific locations for the job cuts.
 The company on Tuesday reported an 18.7 percent decline in third-quarter profit on lower sales and said it would cut costs.