Harley-Davidson rides out of SA for USA

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Via AFR:

Motorcycle maker Harley-Davidson will shut down a wheel rim factory in suburban Adelaide in 2019 as part of a global restructuring in response to a slump in sales in its US heartland to a six-year low.

Harley-Davidson, which is listed on the New York Stock Exchange, announced overnight that it would be consolidating manufacturing operations, with a big plant in Kansas City, Missouri to be closed and some of the jobs to be transferred to another plant in Pennsylvania.

Energy, forex, land costs…

More workers needing barista or bed pan training.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.