Harley-Davidson Corp. will cut 200 jobs, although none will be in the company’s Menomonee Falls headquarters, according to media sources.
The announcement followed a dip in profits resulting in a lowering of its full-year shipment guidance. Jobs will be lost at plants across the U.S., mostly in the fourth quarter.
Meanwhile, Northwestern Mutual, metro-Milwaukee’s ninth-largest employer, announced it would cut an unspecified number of jobs due to a “prolonged low interest rate environment,” according to CEO John Schlifske in a Milwaukee Business Journal story.
The insurance giant, which employs 5,000 locally, continues to hire and is in the process of building a $450 million, 32-story corporate headquarters downtown that will allow for an additional 1,900 employees.
