INDIANAPOLIS—Mobile phone distributor Brightpoint Inc. announced its board of directors has approved a restructuring plan that it believes will enhance the company’s long-term profitability.
The company plans to discontinue its operations in Brazil, Jamaica, South Africa, Venezuela and Zimbabwe by selling or otherwise disposing of them. Brightpoint also previously announced it will form a joint venture with Chinatron Group Holding Ltd., which will allow it to reduce costs in the China market, while continuing operations there.
Brightpoint also plans to consolidate its North America and Latin America regions by closing its Miami warehouse and transferring all operations to Indianapolis and then reduce redundant regional staff. In addition, the company plans to combine its operations and activities in Germany, the Netherlands and Belgium into one new facility in Germany. Finally, the Europe region, which now consists of France, Germany, Ireland and Sweden will cut regional staff and continue operations on a more centralized basis.
