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TechTeam plans layoffs in restructuring

May 29 2008

TechTeam Global Inc. (NASD: TEAM) plans to lay off 60 people and take a $3.0 million to $3.5 million charge in the second quarter as part of a restructuring.

"This plan will enable TechTeam to provide high quality service delivery and account management for our customers globally, while allowing us to improve our financial performance and invest strategically to expand our geographic presence, increase our depth of capabilities and improve our visibility in the market," said President and CEO Gary Cotshott.

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