Sunglass maker Costa Del Mar plans to close most of its operations in Daytona Beach, FL, with 295 jobs to be cut in the process.
The first job eliminations are set to take place on Feb. 7, the Daytona Beach News-Journal reports. Costa employs 350 people in Daytona Beach currently.
In a letter to state, county and city officials, the company cited “changing business needs” as the reason for its decisions.
“Certain sales and marketing functions” will remain in Daytona Beach, the newspaper reports, quoting the latter.
The layoffs will continue through the end of September.
WESH-TV reports that jobs are being moved to New York and California.
Costa was acquired by Essilor in 2014. Last year, Essilor merged with Luxottica, with the combined company being called EssilorLuxottica.
According to WESH, the company said that Costa is “an incredibly special and unique brand” and that “we see great growth potential for it in the future.”
“EssilorLuxottica’s decision to integrate Costa into the Luxottica profile will allow the brand to fully leverage on Luxottica’s strengths in everything from product innovation to manufacturing to supply chain to distribution networks, helping it reach its full potential,” the company said in the statement.
Read more at the Daytona Beach News-Journal