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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2016
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

 

NOTE 7.  SUBSEQUENT EVENT

 

On August 1, 2016 the Company announced plans to close its manufacturing operations in Augusta, Wis., by the end of 2016. Nortech has operated a facility in Augusta since 1992, serving mainly an industrial customer base and defense overflow production that aligned with their custom cable capabilities. Nortech will consolidate operations at its other facilities, continuing to serve customers without interruption. This consolidation will increase Nortech’s overall asset utilization and cost leveraging. Approximately 50 employees at the Augusta facility will be affected.