ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.
While the company is having layoffs, they are a result of some long-planned strategic decisions, including relocating the distribution center from Huntington Beach to a new 700,000-square-foot facility in Mira Loma and scaling back an in-house screen printing facility. The layoffs are not due to recent financial results or current cost-cutting initiatives.
As a result of the distribution center and screen printing facility changes, Quiksilver will layoff 38 people May 1 and 77 people Aug 1, according to the Economic Development Department's WARN notice list.
I strive to be as accurate as possible and apologize for any confusion.