ModusLink Global Solutions (MLNK) completes its strategic review begun in late 2011 along with...

|By:, SA News Editor

ModusLink Global Solutions (MLNK) completes its strategic review begun in late 2011 along with it's restatement of financial results, saying it plans to continue trying to turn the supply-chain management company around instead of selling itself, and is close to naming a new CEO. The company plans to sell its Tech for Less business and lower employee costs by $20M to $24M, with most of the reductions being implemented in the first half of FY13. It projects to record between $13M and $16M in restructuring costs.