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Major blow for Australian surfwear giants Billabong and Quicksilver



Major blow for Australian surfwear giants Billabong and Quicksilver as dozens of staff lose their jobs just before Christmas

Iconic Australian surfwear giants Billabong and Quicksilver have suffered another major blow just before Christmas, with its parent company Boardriders axing 70 jobs at the company’s Asia-Pacific headquarters on the Gold Coast.

US-based private equity firm Oaktree Capital Management, which owns Boardriders, made the staff redundant as part of an effort to reduce costs.

The staff are mostly based at the company’s Burleigh Heads office, and the cuts represent more than a quarter of Boardriders’ Asia Pacific staff.

‘Boardriders has announced a reorganisation of its global operations to enable the company to respond…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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