Luxottica Comments on Costa’s Significant Job Cuts
A Luxottica spokeswoman reached out to SES with a public comment from the company after we reported that Costa is cutting a majority of its workforce in Daytona Beach due to integration with Luxottica.
The integration comes as a result of Essilor, Costa’s former parent company, merging with sunglass giant Luxottica.
The Daytona Beach News-Journal reported that Costa, which has been growing briskly, will eliminate 295 of 350 jobs in Daytona Beach, Costa’s longtime headquarters, where it has a significant operation.
Luxottica sent SES the following statement:
“Costa is an incredibly special and unique brand and we see great growth potential for it in the future. EssilorLuxottica’s decision to integrate Costa into the Luxottica portfolio will allow the brand to fully leverage Luxottica’s strengths in everything from product innovation to manufacturing to supply chain and distribution networks, helping it reach its full potential.
“As a result of the integration, there are several areas of overlap that will be impacted. While we made every effort to minimize this, many functions and roles will be moved to New York, Atlanta and Foothill Ranch over the coming months.
“This is not a decision the company took lightly, and we are approaching the coming transition period with great care and respect for our people.”