Harley Issues Pay Cuts, Continues Search for New CEO
In the midst of the COVID-19 crisis, Harley-Davidson continues efforts to replace former CEO Matt Levatich, cuts both employee and management salaries, and freezes new hiring.
Levatich stepped down as CEO on February, before the coronavirus situation came to a head in the US, his position filled in the interim by Jochen Zeitz until a permanent CEO can be installed. As acting president and CEO, Zeitz along with the board are to temporarily forgo salaries. Other executives will take a 30 percent pay cut. US employees’ salaries will see a cut of 10–20 percent. However, the factory adds that its employee’s medical benefits still remain in place.