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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. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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