Harley-Davidson Inc mentioned on Friday the human assets committee of its board accepted a discretionary bonus to be paid in February to all eligible staff who joined on or earlier than Sept. 30.
The bonus will likely be 60% of every eligible worker’s 2020 bonus goal, prorated per their becoming a member of, Harley mentioned in a regulatory submitting.
“Staff won’t obtain any funds below any short-term incentive plan in respect of 2020 efficiency”, the corporate mentioned.
It briefly decreased government salaries throughout the yr to raised address the impacts of the coronavirus outbreak, based on its submitting.
In its newest quarterly outcomes revealed in October, the corporate beat revenue expectations as tighter inventories helped drive up costs. It additionally reined in prices as a part of Chief Government Officer Jochen Zeitz’s restructuring plan.
Zeitz’s technique to shift the main target again to large bikes and conventional markets reminiscent of the USA and Europe, has helped with the sharp restoration from the pandemic lows.