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Norton Motorcycles invests in advanced new factory headquarters

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Norton Motorcycles invests in advanced new factory headquarters in Solihull The Norton Motorcycle Co Ltd has moved to a new location in Solihull, West Midlands The new HQ will be a permanent base for all staff and incorporates state-of-the-art design, engineering, manufacturing and quality capabilities Opening of the newly fitted out factory comes after a multi-million pound investment from Norton’s new parent company, TVS Motor Company Commissioning is near completion and opening is expected in Q1 2021 Over 50 high quality, new jobs have already been created and more are expected to follow as the business activity grows providing a welcome boost to the local economy. The site in Solar Park, Solihull is the most advanced facility that Norton has ever had The Norton Motorcycle Co Ltd has announced that the company is moving to a new headquarters. The state-of-the-art production site located in Solihull, West Midlands, will open following a multi-million pound investment by Norton’s Indian parent company, TVS Motor Company. It will be the most advanced manufacturing facility in the 122-year-old motorcycle brand’s history. The premises will be the central hub for all of Norton operations, providing a permanent base for all staff. The new headquarters will be home to design, engineering, purchasing, sales, marketing, and support teams as well as the skilled production team that is resuming manufacture of motorcycles. Some of the specialist tooling and equipment previously used by Norton has been carried over to the new site in Solihull, but the site is benefiting from substantial new investment. The new manufacturing facility will make use of modern-day, quality-assured production processes. Skilled technicians will deploy bespoke bike building techniques and state-of-the-art new manufacturing equipment to ensure all bikes are built with great precision and quality, a hallmark of both Norton and TVS Motor Company. Norton will […]

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Harley-Davidson to cut hundreds of jobs as part of turnaround strategy

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by Rajesh Kumar Singh from https://www.reuters.com CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz’s efforts to revive the struggling motorcycle maker. As part of the overhaul, Chief Financial Officer John Olin will leave the company effective immediately. Darrell Thomas, treasurer, will become interim chief financial officer, it said. Harley-Davidson’s sales have been declining for the past five years in the United States, its largest market, as its baby-boomer customer base ages. The economic pain caused by the coronavirus pandemic has further dented retail demand. In response to weak sales, the Milwaukee-based company has cut production, leading to 140 job cuts last month at its factories in Pennsylvania and Wisconsin. The latest cuts are in addition to those layoffs, a company spokeswoman said. Zeitz, who took over in February, is hailed for turning around the Puma brand’s near-bankrupt business. His restructuring strategy, dubbed The Rewire, is aimed at making Harley a leaner and more nimble organization. It seeks to reset product lines, focus on the company’s core strengths and prioritize profitable markets. “Significant changes are necessary, and we must move in new directions,” Zeitz said. Harley said the measures announced on Thursday will lay the foundation for a five-year strategic plan to revive sales that the company expects to share in the fourth quarter. In all, the restructuring will eliminate 700 positions globally. It will result in a $50 million restructuring charge in 2020, including $42 million in the second quarter. While the overhaul is expected to be completed by the end of the year, Harley said it will likely cause additional restructuring charges in 2021. The company will provide more details of the financial impact in its second-quarter earnings report later this month.

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Harley-Davidson Announces New Round of Job Cuts

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by Eric Volkman from https://www.fool.com/ This is not the first time in 2020 the struggling motorcycle maker has reduced its workforce. The economic pain wrought by the SARS-CoV-2 coronavirus continues to affect Harley-Davidson (NYSE:HOG). The storied motorcycle maker said Thursday it’s cutting roughly 140 jobs in two factories, one located in Pennsylvania and the other in Wisconsin. The move comes just after the company’s announcement that it’s reducing production volumes. As with many businesses across the economy, Harley-Davidson has suffered from softened demand for its products. “Stay in place” measures, which had been in force in the early part of the pandemic, will likely remain (or in certain cases, be reintroduced given the sharp increases in cases lately). A representative from the company, however, told Reuters in a statement that, “As course of normal business, Harley-Davidson regularly adjusts its production plan and appropriately sizes its workforce.” This is not the first time in recent months that the company has announced reductions in its employee rolls. In late April, it furloughed most of its production workers around the world as part of a broader set of measures aimed at coping with the economic slowdown. It also enacted a raft of salary cuts. Even before the onset of the global crisis engendered by the coronavirus, Harley-Davidson had been struggling due to the aging of baby boomers, a crucial customer demographic for the company. Its sales were falling, with a 6% year-over-year drop in revenue in fiscal 2019. Harley-Davidson didn’t end the week on a positive note. It fell harder than even the beleaguered main stock indexes and stumbling consumer goods names on the day, slipping by nearly 6.9%.

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Coronavirus: Triumph Motorcycles to cut 400 jobs

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from https://www.bbc.com The largest British motorcycle manufacturer is to cut 400 jobs due to the Covid-19 pandemic. Triumph Motorcycles, based in Hinckley, Leicestershire, which employs 2,500 people worldwide, said 240 of those redundancies would in the UK. It said sales in some countries have fallen up to 65% in the last three months. Chief Executive Nick Bloor said the crisis has caused “significant damage” to the global motorcycle market. The company said sales in the 500cc plus motorcycle segment in France, Italy, Germany, USA and UK have fallen between 40% and 65% during the peak season. Mr Bloor, said it was a “challenging time” for the company. “These are not easy decisions to make, especially when individuals’ livelihoods are affected. “However, regrettably the scale of impact of Covid-19 necessitates us to restructure now in order to protect the long term health and success of the Triumph brand and business.” The firm said a consultation period would begin with employees. Triumph, which was established in 1902, produces about 60,000 bikes every year. Its motorcycles have featured in movies including Jurassic World, The Great Escape and Mission Impossible II.

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Harley-Davidson lays off staff, cuts salaries, amid coronavirus outbreak

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from https://www.reuters.com April 15 (Reuters) – Harley-Davidson Inc said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business. The announcement comes weeks after the motorcycle maker withdrew its earnings forecast for this year, saying pandemic-induced disruptions could dent its ability to supply and sell motorcycles. Harley’s shares were down 6.9% at $18.02 in afternoon trading. As part of the cost cuts, its chief executive officer and board of directors will forgo their salaries, the company said, though it didn’t say for how long. Salaries of the executive leadership would be cut by 30%, while most other salaried employees would see a reduction of between 10%-20% in their paychecks. Outside the United States, it will take similar actions. Harley said salary reductions will be reassessed at the end of the second quarter. The company said it will also not hand out merit increases for 2020 and will freeze hiring. (Reporting by Rajesh Kumar Singh; Editing by Bernadette Baum)

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Lifestyle Cycles has some job positions open

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Lifestyle Cycles has some positions open, so take a look below and see if you (or someone your know) would be a perfect fit for our team! Come Join the Coolest Team on the Planet BIKE SALESPERSON POSITION Do you eat, sleep and breathe Harley-Davidson motorcycles? Do you have an upbeat, enthusiastic personality and love talking with people? Are you a self-starter with a “can-do” personality? Are a fast learner? Do you like dogs? If so (or you know of someone that is) Lifestyle Cycles wants to talk to YOU! We’re looking the best of the best to join our pre-owned motorcycle sales team! Send in a resume and cover letter (we’ll ditch resumes without a cover letter just to see if you are thorough and can follow directions) telling us why you’re the best person for the position to dan@lifestylecycles.com APPAREL SALES ASSOCIATE Want a job at the coolest place on the planet? Lifestyle Cycles has an opening for an Apparel Sales Team Member! Full and part time positions are available. Do you have a sparkling fun personality and love the motorcycle culture? Do you have a strong work ethic, and love helping people? Do you have a keen fashion sense and like dogs? Then we want to hear from you! Send in a resume and cover letter (we’ll ditch resumes without a cover letter just to see if you are thorough and can follow directions) telling us why you’re the best person for the position to dan@lifestylecycles.com    

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Is ELIO for real?

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We make an in-depth exploration of Elio Motors trike by Wayfarer@bikernet.com Founder Paul Elio wanted to fight the increasing prices of both consumer vehicles and fuel. At the same time he wanted a practical and reliable vehicle that would be very affordable and give lots of miles per gallon. His dream didn’t end there. This magical vehicle had to be ALL-AMERICAN. It had to be completely made in America, employing Americans as an American revolution in travel and automotive industry. The design, the manufacturing, the marketing – the people will be Americans and the target market is America. CLICK HERE to read about the concept called Elio Motors.

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