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You are here News Economy Harley-Davidson workers say plant closure after tax cut is like a bad dream

Harley-Davidson workers say plant closure after tax cut is like a bad dream

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Harley Davidson workers in bad dreamHarley-Davidson workers across the USA are reeling from the planned closure of the motorcycle maker's Kansas City plant, yet it is expected to reap huge financial benefits from the federal corporate tax cut.

The Milwaukee-based motorcycle manufacturer benefited from the tax cuts enacted Jan. 1, then announced cuts of 350 jobs across the company in late January. On Feb. 5 , it approved a half-cent dividend increase and buyback of up to 15 million shares.

Harley’s U.S. sales have been sinking in recent years as Boomers decide they are becoming too old to continue riding and fewer younger people step up to take their place. As a result, Harley said it was forced to cut excess factory capacity.

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