Harley-Davidson axes hundreds more jobs

Harley-Davidson has announced more job cuts and a further slump in profits.

The American manufacturer has said it will axe between 300 and 400 more jobs in the next two years, bringing total job losses to more than 1,400, according to the Wall Street Journal. 

It has also reported a 37% fall in profits in the first quarter of 2009.

“We don’t make any job reduction decisions lightly,” outgoing Chief Executive Jim Ziemer said in a statement. “But based on further planning since January and a deeper analysis of our production requirements, we have now determined that fewer production employees will be required.”