Mainecat Posted May 22, 2018 Share Posted May 22, 2018 Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders Source: vox.com The motorcycle maker in January told Kansas City workers it would close a plant there. Days later, it announced a nearly $700 million stock buyback plan. By Emily Stewart May 22, 2018, 8:00am EDT In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders. Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming. Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million. It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders. The tax cuts aren’t saving jobs at Harley-Davidson .............................. Read more: https://www.vox.com/policy-and-politics/2018/5/22/17350180/harley-davidson-tax-buyback-kansas-city-factory Quote Link to comment Share on other sites More sharing options...
GGNHL Posted May 22, 2018 Share Posted May 22, 2018 4 minutes ago, Mainecat said: Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders Source: vox.com The motorcycle maker in January told Kansas City workers it would close a plant there. Days later, it announced a nearly $700 million stock buyback plan. By Emily Stewart May 22, 2018, 8:00am EDT In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders. Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming. Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million. It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders. The tax cuts aren’t saving jobs at Harley-Davidson .............................. Read more: https://www.vox.com/policy-and-politics/2018/5/22/17350180/harley-davidson-tax-buyback-kansas-city-factory But yet your 401k that is invested in HD stock continues to do well. Every company is now putting stock price and shareholders over workers and everything else unfortunately.. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted May 22, 2018 Share Posted May 22, 2018 oh well, at least some 401ks improved... Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted May 22, 2018 Share Posted May 22, 2018 37 minutes ago, Mainecat said: Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders Source: vox.com The motorcycle maker in January told Kansas City workers it would close a plant there. Days later, it announced a nearly $700 million stock buyback plan. By Emily Stewart May 22, 2018, 8:00am EDT In September 2017, House Speaker Paul Ryan traveled to a Harley-Davidson plant in Menomonee Falls, Wisconsin, to tout the Republican tax bill, which President Trump would sign later that year. “Tax reform can put American manufacturers and American companies like Harley-Davidson on a much better footing to compete in the global economy and keep jobs here in America,” Ryan told workers and company leaders. Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming. Just days later, the company announced a dividend increase and a stock buyback plan to repurchase 15 million of its shares, valued at about $696 million. It’s a pattern that’s played out over and over since the tax cuts passed — companies profit, shareholders reap the benefits, and workers get left out. Corporate stock buybacks hit a record $178 billion in the first three months of 2018; average hourly earnings for American workers are up 67 cents over the past year. Harley-Davidson is an American symbol, and President Trump has trotted it out as an example of business success. But as it’s getting its tax cut, it’s outsourcing jobs and paying shareholders. The tax cuts aren’t saving jobs at Harley-Davidson .............................. Read more: https://www.vox.com/policy-and-politics/2018/5/22/17350180/harley-davidson-tax-buyback-kansas-city-factory So shifted jobs to another plant in the US probably better tooled for work in the 21st century. That is the tax breaks fault how? Should a company not seek to increase efficiencies just because they have more money coming in? Or should they just continue status quo? Harley has been an industry leader in agile thinking. It’s what brought them back from the brink. They close a poor performing plant and open another. Welcome to the real world. What is the wage of the new plant worker compared to the old? What supply chain efficiencies are gained? What is the truth more than a punch line that is not correlated to tax breaks? Here are the facts. Net loss of 350 jobs in a company that employs thousands. Large Cap x expenditure in Penn. Able to boost earnings. Able to better tool for demand and ensure solvency in the future. Sit down Abe. 3 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 22, 2018 Share Posted May 22, 2018 Fucking harleys are getting up around and over $40,000. Fucking stupid. Quote Link to comment Share on other sites More sharing options...
Dave Posted May 22, 2018 Share Posted May 22, 2018 1 minute ago, Nazipigdog said: Fucking harleys are getting up around and over $40,000. Fucking stupid. I was thinking of getting one eventually again....some good deals on ones 5 or so yrs old with low miles. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 22, 2018 Share Posted May 22, 2018 Just now, DAVE said: I was thinking of getting one eventually again....some good deals on ones 5 or so yrs old with low miles. Buy a used one for sure. Some of my buds have been picking up real nice ones for under $10k. No way I would pay that kind of money for a new one. Quote Link to comment Share on other sites More sharing options...
Edmo Posted May 22, 2018 Share Posted May 22, 2018 Tell us MC, what does a company do when sales are down? Harley-Davidson sales decline continues By Andrew Tangel Published: Jan 30, 2018 8:24 am ET Harley-Davidson Inc. on Tuesday reported its fourth straight year of declining sales as the Milwaukee motorcycle maker struggles to get more riders on Hogs. Harley's motorcycle-related revenue fell 6.8% in 2017 to $4.92 billion, as retail sales continued to suffer in the U.S. and around the globe. Analysts polled by Thomson Reuters had expected revenue of $4.88 billion. Quote Link to comment Share on other sites More sharing options...
Dave Posted May 22, 2018 Share Posted May 22, 2018 1 minute ago, Nazipigdog said: Buy a used one for sure. Some of my buds have been picking up real nice ones for under $10k. No way I would pay that kind of money for a new one. The essential mods are usually done as well most times. Just a little personal preference mods to be good. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted May 22, 2018 Share Posted May 22, 2018 17 minutes ago, Nazipigdog said: Fucking harleys are getting up around and over $40,000. Fucking stupid. All the old guys with money are dropping dead and sales are tanking, I don't think millenials are interested in overpriced bikes. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 22, 2018 Platinum Contributing Member Share Posted May 22, 2018 4 minutes ago, snoughnut said: All the old guys with money are dropping dead and sales are tanking, I don't think millenials are interested in overpriced bikes. That's exactly why their sales are declineng Quote Link to comment Share on other sites More sharing options...
motonoggin Posted May 22, 2018 Share Posted May 22, 2018 4 minutes ago, snoughnut said: All the old guys with money are dropping dead and sales are tanking, I don't think millenials are interested in overpriced bikes. Fuck no they aren't interested. I'm sure people will blame millennials for killing Harley Davidson though. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted May 22, 2018 Share Posted May 22, 2018 could it have anything to do with the fact no one wants 192os tec for 2018 prices any more? could they be closing a plant because they have more holdovers than cat poo and doo combined ? was it the correct decision for them to .make? I say yes 100% now go build a bike some one under 50 wants 1 Quote Link to comment Share on other sites More sharing options...
hwytohell Posted May 22, 2018 Share Posted May 22, 2018 Some are still wondering why they can't have a Studebaker or Packard in the driveway or grab a cold (d)etoilet brewed Stroh's beer from their Norge or Kelvinator fridge. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted May 22, 2018 Gold Member Share Posted May 22, 2018 Riding bikes sucks these days... when the economy was in the shitter and people weren’t clogging up the roads motorcycles were fun. Plus you use to be able to drink and ride without worry about getting taken out by somebody doing a Facebook live of them driving and talking about there day to there phones. If I was to do biking all over again I’m pretty sure I would be on a street glide with the tunes cranked and the pipes obnoxiously loud. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted May 22, 2018 Platinum Contributing Member Share Posted May 22, 2018 2 minutes ago, BOHICA said: Riding bikes sucks these days... when the economy was in the shitter and people weren’t clogging up the roads motorcycles were fun. Plus you use to be able to drink and ride without worry about getting taken out by somebody doing a Facebook live of them driving and talking about there day to there phones. If I was to do biking all over again I’m pretty sure I would be on a street glide with the tunes cranked and the pipes obnoxiously loud. My pipes are obnoxiously loud. Wife still dosnt want to go after seeing some dumb ass cross the center line and take out a bike on a weekly basis. Quote Link to comment Share on other sites More sharing options...
Frostynuts Posted May 22, 2018 Share Posted May 22, 2018 Maybe that,s why bikers are being run over, for those super loud pipes, since the cops don,t seem to have the balls to fine all the douche bags that have those loud pipes that everyone except the bike owner hate. LOL And I kinda laugh at all those brave bikers that think riding an inch away from the center line is being macho. All they need to do is meet a sleepy transport driver that just happens to wander over the line by six inches or so, and bye, bye tough biker. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted May 22, 2018 Gold Member Share Posted May 22, 2018 My softail night train was stupid loud.... I’m sure the neighbors were happy to see that bike go bye. Any sort of 2 wheel riding on the roads become not enjoyable with the invention of smart phones. Quote Link to comment Share on other sites More sharing options...
Dave Posted May 22, 2018 Share Posted May 22, 2018 Just now, BOHICA said: My softail night train was stupid loud.... I’m sure the neighbors were happy to see that bike go bye. Any sort of 2 wheel riding on the roads become not enjoyable with the invention of smart phones. What exhaust? Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted May 22, 2018 Share Posted May 22, 2018 Geeze I can see why you have to really protect seniors from scammer's.... they'll believe anything Quote Link to comment Share on other sites More sharing options...
Dave Posted May 22, 2018 Share Posted May 22, 2018 2 minutes ago, Frostynuts said: Maybe that,s why bikers are being run over, for those super loud pipes, since the cops don,t seem to have the balls to fine all the douche bags that have those loud pipes that everyone except the bike owner hate. LOL And I kinda laugh at all those brave bikers that think riding an inch away from the center line is being macho. All they need to do is meet a sleepy transport driver that just happens to wander over the line by six inches or so, and bye, bye tough biker. I hug the line when I see a douchebag doing that. Fucking idiots. 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted May 22, 2018 Share Posted May 22, 2018 Lol MC just mad and dumb Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 22, 2018 Share Posted May 22, 2018 Harley Davidson. I just don’t see the appeal. Ahhh....to each their/there/they’re own I guess. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 22, 2018 Share Posted May 22, 2018 59 minutes ago, Nazipigdog said: Buy a used one for sure. Some of my buds have been picking up real nice ones for under $10k. No way I would pay that kind of money for a new one. Ballers don't buy used. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted May 22, 2018 Share Posted May 22, 2018 1 minute ago, Rod Johnson said: Lol MC just mad and dumb Super bingo! Quote Link to comment Share on other sites More sharing options...
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