SED International to restructure U.S. operations, cut headcount by 25%

theflyonthewall.com

SED International announced that the company plans to strengthen its long-term competitive position through a restructuring of its United States operations. Key elements of the plan include: reducing U.S. headcount and SG&A by over 25%; consolidating SED’s 5 U.S. distribution centers into 3 distribution centers. It is expected that this restructuring plan will result in gross profit dollars remaining consistent with the historical run rates while SG&A will decline by approximately 25%. This plan will not affect the Latin America unit.

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