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). Australias 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.
