inTEST to close Videology Netherlands plant, consolidate to MA by end of 2025

INTEST CORP

Plans to terminate employees at Netherlands Videology facility and consolidate operations into Mansfield, MA.
Expects severance and one-time termination benefits of $350,000.
Other consolidation costs including moving and lease termination estimated at $200,000 to $300,000.
Consolidation expected to be substantially completed by end of 2025, fully vacating Netherlands site.
Action taken to increase efficiencies and lower operating costs for Videology.

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