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Sunglass company Oakley is laying off more than 160 workers

Sunglass company Oakley is laying off more than 160 workers

Orange County sunglass company Oakley is laying off more than 160 employees in Southern California, according to state records, as it further merges operations with its Italian parent company. The job cuts are part of an ongoing "integration" by Luxottica Group, a Milan luxury-eyewear maker that acquired its former rival for $2.1 billion in 2007. The company said in a statement that the effort would "accelerate growth and position the brand for opportunities ahead." It also has eliminated the position of chief executive at Oakley. The decisions will cost nearly 140 jobs at Oakley's Foothill Ranch headquarters, according to a filing with the California...

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