Kelly Services Inc.'s (NASD: KELYA) restructuring plans for its United Kingdom operations call for reducing staff by approximately 350, according to its 10-K filed Wednesday with the U.S. Securities and Exchange Commission. The number of U.K. branches to be closed hasn't yet been determined, but plans call for the restructuring to finish by the end of this year.

Kelly estimates the cost of the restructuring at between $11 million and $14 million.

Kelly previously restructured its U.K. operations in 2007, closing 22 branches at that time, according to the filing.

Also on Wednesday, Kelly Services announced that it temporarily suspended its quarterly dividend. In addition, Chairman Terence Adderley and the independent directors on Kelly's board voluntarily reduced their compensation by 10%.