Harley-Davidson is a company that has seen plenty of ups and downs over its 106-year history, having survived the Great Depression after being the largest motorcycle manufacturer in the world through the 1920s. We may not quite be in another depression, but our current recession has caused sales, profits and share prices to fall fast and Harley is digging in for the long haul, announcing a plan to cut 1,100 jobs over the next two years. That figure that represents 10% of the company's entire workforce. More than half of those losses will be seen in the company's home state of Wisconsin, with the remainder coming from facilities in York, Pennsylvania, and Kansas City, Missouri. During the course of this restructuring, the Motor Company will also be replacing Jim Ziemer, the company's current chief executive. Sounds like a tough road ahead.

[Source: AP via Google]