Quicksilver Inc., which is a Huntington Beach-based company into making clothing’s, as a part of its cost cutting program has laid off 125 workers at both its headquarters and Southern California offices. A total of 200 jobs cuts were done by Quicksilver that involved 75 vacancies available in the company. The corporation is into making clothes that are inspired by surfing, skateboarding and snowboarding.

The units involved in the cuts are Quicksilver’s American unit, the Roxy brand that makes clothing for young girls and women and DC Shoes that is into making shoes and clothes. Mira Loma, which is the company’s warehouse, was also affected by the cuts.

The company had cut 200 jobs at the beginning of the year. In the last two years, the company has made 700 cuts including the recent cuts so far. Quicksilver is suffering from the worst retail slump and is also dealing with its financial issues as well.

After 2005’s unfortunate $560 million buyout of French ski maker Rossignol, the company entered into a deal of lifesaving investment and loan in June. Last year, Rossignol was sold for $50 million in a fire sale but as the company had borrowed to undergo the deal of buying Rossignol, the company was indebted with a sum of $1 billion of long and short-term debts. In order to help Quicksilver in refinancing a U.S. Line of credit and strengthen its European debt, Rhone Group LLC, which is a France based lending company, is providing around $150 million for the coming 5 years. The $25.6 million in warrants included in the deal grants Rhone the right to buy 20% shares of the company.

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