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Note 7 - Restructuring Charges
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

NOTE 7. RESTRUCTURING CHARGES

 

In 2021, we recorded restructuring charges of $327 related to the consolidation of our production facilities and closure of our Merrifield, Minnesota facility. With the Merrifield closure, we shifted wire and cable assembly, system-level assembly and printed circuit board (PCB) manufacturing to Nortech’s other Minnesota locations. No amounts were accrued as of December 31, 2021. We reduced our workforce by approximately 42 employees as a result of this facility closure.