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The
announcement comes two months after Harley unveiled a strategy
to shift focus back to more profitable motorcycles and core
markets such as the United States.
Harley said earlier in the year that it planned to reduce its
product portfolio and exit lower volume markets, without
specifying which ones.
The company said it now expects total restructuring costs of
about $169 million in 2020, and this will also include a
workforce reduction of about 70 employees in India, a market
where its annual sales volumes account for less than 5% of the
company's total. (https://bit.ly/3mPHZnx)
(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju Samuel)
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