Harley sees layoffs, output cuts; blames strike
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BOSTON/CHICAGO  - Harley-Davidson Inc.  plans to lay off up to 740 workers and cut production at two sites because of a strike at its largest motorcycle plant, the company said.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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The company announced the firings on Thursday along with a restructuring plan that included layoffs of about 3,500 employees.
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Timken Co. TKR.N on Friday said it   would cut about 700 jobs, or 5 percent, of its automotive group   employment, and significantly lowered its earnings outlook. It   cited a fall in North American auto industry production,   sending shares down more than 10 percent.
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The signs of labor unrest seen over the weekend may be a harbinger of things to come in an industry already buffeted by bankruptcies and structural change.
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As expected, the chipmaker announces 10,500 layoffs as part of a strategy to cut costs and regain momentum.
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But the step could risk social unrest if heavily indebted state companies respond by laying off more workers.
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Staff go out on strike at Harley-Davidson's main US plant in a dispute over pay and healthcare provision.
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DETROIT -- Ford Motor Co.ÃÂ ÃÂ Ford Motor Co. said Friday that it plans to cut 10,000 more salaried jobs, offer buyouts to all hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling automaker to profitability.
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Governor announces that Virginia probably will lay off employees to help cover budget shortfall.
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Harley-Davidson Corp.  said on  Friday it had reached a tentative agreement to end a strike by  2,800 workers at its largest plant.
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SUNNYVALE, Calif. -- Battered by slow revenue growth and the popularity of social networking Web sites, Yahoo Inc. is poised to lay off hundreds of workers, according to published reports.
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Navistar International Corp. ,  the U.S. diesel engine maker, said on Monday it would lay off  nearly 400 workers after Ford Motor Co. , one of its key  customers, announced it was cutting fourth-quarter production  by 20 percent.
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You could say it&#39;s been quite a ride for Harley-Davidson&#39;s (HDI:NYSE - news - research) Jeffrey L. Bleustein. The motorcycle company said Thursday that Bleustein, 65, will retire as CEO, effective April 30, but continue as chairman.
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A rash of job cuts - more than 10,000 layoffs this week from a handful of companies â-as created some gloom on the job front. But today&#39;s release of jobs data for September was
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CHICAGO - Harley-Davidson Inc. Chief Executive Jeffrey Bleustein will retire from his CEO post effective April 30 and be replaced by Chief Financial Officer James Ziemer, the motorcycle maker said Thursday.
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About 420 people will be laid off, with most of the cuts coming in New York. International offices will also close.