Harley-Davidson (HOG, $36.96) workers might have rejected new offer

Harley-Davidson Inc.’s Menomonee Falls plant workers have reportedly rejected the company's labor offer to their union.

Citing sources familiar with the matter, Milwaukee Business Journal reported that members of United Steelworkers Local 2-209 rejected the motorcycle behemoth's new contract offer Monday. The workers plan to continue working under a short-term extension of the old contract, according to an anonymous employee’s interview with WTMJ's Tony Bettack. The employee mentioned that he expects renewed negotiations to last "a couple of weeks," but that they don't have any  firm deadline yet.

"This isn't really a thing about money," the employee reportedly said to WTMJ. "The language in the contract is really bad on certain issues."

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.