(Reuters) – Harley-Davidson Inc (HOG.N) said on Wednesday the majority of its global production employees were currently on a temporary layoff due to the coronavirus pandemic.

The company also said its chief executive officer and the board of directors would forgo their salaries in response to the outbreak.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D’Silva

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Oil rises after sharp drop in U.S. crude inventories

TOKYO (Reuters) – Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak spreads around the world. Brent crude LCOc1…

Opinion: The media has combatted dangerous claims for four years. Tuesday will be the ultimate test

Bill Carter, a media analyst for CNN, covered the television industry for The New York Times for 25 years, and has written four books on TV, including The Late Shift and The War for Late Night. The opinions expressed in…

Zhang Yiming, founder of TikTok owner ByteDance, gears up for the global stage

BEIJING/HONG KONG (Reuters) – The founder of China’s ByteDance, owner of the wildly successful TikTok app, has for years aspired to make ByteDance the first Chinese firm to rival U.S. internet giants on the global stage. On Thursday Zhang Yiming…

S&P dips on worries about earnings, data, stimulus and election

(Reuters) – The S&P 500 and Dow closed lower on Thursday after data painted a worrying economic picture ahead of important corporate earnings reports, while President Donald Trump exacerbated investor nervousness by floating the possibility of delaying the U.S. presidential…