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Harley-Davidson increases stock value, but shuts down plant. TIRED OF WINNING YE
| Big location | 05/24/18 |
| Big location | 05/24/18 |
| marvelous sex offender university | 05/24/18 |
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Date: May 24th, 2018 1:42 PM Author: Big location T!?
Tim Primeaux has worked at the Harley-Davidson plant in Kansas City, Missouri, for 17 years. He was sure he was going to retire from the company.
That all changed when Harley-Davidson told its 800 employees in January that the plant will be closing next year. Operations will be shifted to the motorcycle manufacturer's facility in York, Pennsylvania.
“We did everything Harley-Davidson asked us to do,” said Primeaux, a welder. “To have it all blow up in your face is kind of disappointing.”
Days later, Harley-Davidson announced a dividend increase and a stock buyback plan to reward shareholders, repurchasing 15 million of its shares, valued at nearly $700 million.
Like other corporations, Harley-Davidson is benefiting this year from the tax cut law passed in 2017, which slashed the corporate rate from 35 percent to 21 percent. The company maintains that the dividend increase and stock buyback is unrelated to the tax savings. |
Date: May 24th, 2018 1:43 PM Author: Big location HERE'S A GEM:
"Harley is also building a new plant in Thailand. However the company maintains that the Bangkok plant is “separate and unrelated” to the decision to close the Kansas City plant, according to Michael Pflughoeft, a spokesman for Harley-Davidson." |
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