Volt Information Sciences Inc. (NYSE MKT: VISI) approved a restructuring plan, and reported that it will take a $3.7 million charge in the company’s fiscal fourth quarter ending Oct. 28, according to a filing with the US Securities and Exchange Commission last Thursday. It also announced that senior VP and Chief Human Resources Officer Ann Hollins is stepping down from her role.

The restructuring plan includes a reduction in workforce of 80 employees as well as lease terminations. Of the charge, $1.7 million will go to severance and benefit costs and $2.0 million will be related to facility and lease termination costs.

Volt estimates the reduction in workforce will result in annualized net savings of approximately $6.2 million, and there will be an estimated annualized net savings of $1.3 million for the lease terminations.

The plan is expected to be completed by Nov. 3, 2019.

In a separate announcement today, UK-based staffing provider Empresaria announced it hired former Volt executive Rhona Driggs as its chief operating officer. Driggs currently serves as president of Volt Global Solutions.