Item 2.05. Cost Associated with Exit or Disposal Activities.
On January 15, 2009, inTEST Corporation (the "Company") approved a reduction in
workforce in its Temperature Management product segment of 5 employees,
representing approximately 10% of the total employees in this segment. The
Company will incur approximately $31,000 in total costs related to this action
for one-time termination benefits. These costs will be incurred in the first
quarter of 2009.
These actions are being taken to reduce the operating expenses of this product
segment in response to current business conditions. The Company completed the
communication of these actions to its employees on January 22, 2009, and expects
that the completed actions in this product segment will reduce its annual
operating expense structure by approximately $324,000.
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