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BrightPoint making local employment cutbacks

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BrightPoint Inc. has laid off an undisclosed number of its local employees and decided not to fill another 120 open positions, the company acknowledged Thursday.

The Indianapolis-based provider of logistics for wireless devices said the staff reductions were not prompted by the recent loss of major client Cricket Communications Inc.

“It was actually an undertaking that was already underway,” BrightPoint spokeswoman Carolyn Manco said.

Manco declined to disclose the actual number of employee cuts because she said the number might change as the company continues to evaluate its costs. “It's premature for us to give a number,” she said. She did say fewer than 100 people would lose their jobs.

BrightPoint reduced its 2012 earnings forecast Feb. 22, when announcing that Cricket would take its business to another mobile-services vendor. BrightPoint handled 6.8 million devices for Cricket last year out of a total 112 million for all customers. The news pushed BrightPoint's shares down 10 percent, to $8.88 each, on Feb. 22.

Shares were up 2 cents in early trading Friday, to $8.81 each.

As of Dec. 31, BrightPoint had 2,168 full-time employees and 1,733 temporary workers in North and South America, the company said in its annual report. About 1,300 of those employees work in central Indiana. Its corporate headquarters has about 130 employees.

BrightPoint reported record revenue of $5.24 billion and handled a record number of devices last year, but Manco said BrightPoint made two deals in the past 14 months—an $80 million acquisition of refurbishing firm Touchstone Wireless LP and a $15 million investment in IT distributor Intcomex Inc.—that are prompting the company to do some reorganization.

She added that BrightPoint is also concerned about the economy in Europe. “A part of it is we're bracing ourselves,” she said.
 

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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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