April 19, 2024

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Harley books $75 million in fresh restructuring costs, exits India operations, Auto News, ET Auto

Harley books $75 million in fresh restructuring costs, exits India operationsU.S. bike maker Harley-Davidson mentioned on Thursday it expects to report $75 million in more restructuring expenditures for 2020 related to actions such as discontinuing its income and production functions in India.

The announcement will come two months just after Harley unveiled a tactic to change emphasis again to additional profitable motorcycles and main marketplaces such as the United States.

Harley mentioned previously in the 12 months that it planned to reduce its product or service portfolio and exit decrease quantity marketplaces, without the need of specifying which types.

The firm mentioned it now expects total restructuring expenditures of about $169 million in 2020, and this will also contain a workforce reduction of about 70 workers in India, a market place exactly where its annual income volumes account for much less than 5% of the company’s total.

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