INDIANAPOLIS-Brightpoint Inc. is restructuring plan to better position the company for long-term success by eliminating or restructuring non-performing business activities and improving the company’s cost structure.
Brightpoint said it believes successful execution of the plan will significantly improve its profitability.
Strategies of the plan include:
Complete disposal of operations in the United Kingdom, including sale of its airtime reselling business, no later than July 31.
Restructuring the company’s China operations, which includes exit from its two joint operations and the sale of its 67-percent interest in a Hong Kong-based accessories company.
Disposing the company’s operations in Argentina and Poland and closing its distribution center in the Netherlands.
Eliminating 350 employees and reducing selling, general and administrative expenses.
