Billabong has offered some staff redundancies or new positions as the company moves to restructure its business. The restructure which the company says will see the business grow follows a string of international and national acquisitions. A spokesman yesterday confirmed Billabong had offered some people voluntary redundancies.

"We are currently working on the restructuring of some departments, including product design and development," said a Billabong spokesman.

"This, in particular, is a response to a reduction in range sizes as retailers increase their buying focus on our more heavily marketed styles.

"As part of the restructure we are offering voluntary redundancies and relocation options to affected staff.

"At the same time we are growing other areas of our business, as has been foreshadowed with some recent acquisitions including the purchase of a neighbouring property, and this will result in an overall increase in staffing levels."

Earlier this year, Billabong bought the neighbouring property owned by Cult Industries for $10.6 million. The long-term plans for the building is to join it to its current headquarters, increasing its footprint on the Gold Coast.

Source Gold Coast Bulletin