Rossignol plans to reduce 30% of its global workforce, or about 450 jobs in total. According to www.france24.com, Rossignol chairman Bruno Cercley said in a statement that the layoffs were “unavoidable,” adding that the group was “determined to get back into balance in the next two years.”

The group had an operating loss of €58 million ($77.1 million) last year on sales of €270 million ($358.8 million), according to the news website. Besides Rossignol, the company owns the Dynastar, Look and Lange brands.

In November 2008, Quiksilver Inc. completed the sale of Rossignol to Chartreuse & Mont Blanc for €40 million ($50.8 million). Australia’s Macquarie Group Ltd. is the majority owner of Chartreuse & Mont Blanc, headed by former Rossignol CEO Bruno Cercley. Jarden Corp. is a minority investor in Chartreuse & Mont Blanc.