Arrow to shut UK warehouses
Takes flight from Nordic PC biz
Arrow Electronics is going pan-European on the distribution front, shutting down two UK warehouses in the process. The move which will see distribution centralised in the Netherlands, is expected to save $5m a year. The number of staff affected has not been published.
Arrow is also taking flight from PC component distribution to system builders in the Nordic countries. The US-owned company is losing c.$4m a year on $30m PC part sales to the region.
The European re-org was announced last week in a press statement accompanying the firm's Q2 results. ®