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French equipment maker Rossignol to shed 30% of workforce

Latest update : 2009-03-27

French ski equipment maker Rossignol has announced plans to put about 450 people out of work, in France and abroad, after it posted losses worth 58 million euros for 2008.

AFP - French ski equipment maker Rossignol said Friday it would slash its global workforce by 30 percent in a bid to return to profitability after posting losses in 2008.

The group, which made an operating loss of 58 million euros (77 million dollars) last year, is to cut about 450 jobs in total.

Company 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 is the maker of Rossignol and Dynastar skis, but also produces bindings and boots.
 

Date created : 2009-03-27