2/18/2009 1:53:00 PM
Brightpoint UK saved from planned global job cuts
Brightpoint UK is understood to be insulated from planned global cuts, after deals with RIM and Nokia in 2008 made it a key money-maker for the US-owned company.
Last week, Brightpoint outlined a debt reduction plan to cut 220 staff from across its global operations, and freeze recruitment across all units. It will shut its Turkish and Polish arms completely.
However, Brightpoint’s UK arm is performing well, and it is thought that there will be little change from its current strategy.
In January, the distributor signed a deal with Orange that saw it selling the network to the IT reseller market. The deal was part of Brightpoint’s plans to move into the airtime market, after securing hardware distribution contracts with Nokia, RIM and HTC in 2008.
In October 2008, Brightpoint, formerly Hugh Symons Telecom, beat competition from Brightstar, Ingram Micro, Fone Logistics and 12, to become Nokia’s sole distributor.
The American distribution company reported a 36% dip in profits in the final quarter of last year.