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Workforce Reduction and Retirement Expenses
3 Months Ended
Mar. 28, 2020
Workforce Reduction and Retirement Expenses  
Workforce Reduction and Retirement Expenses

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Workforce Reduction and Retirement Expenses

Workforce Reduction Expenses. During fiscal 2019, we implemented a reduction in workforce and we recorded charges of $2.4 million ($1.6 million of which were recorded during the first quarter of 2019). Substantially all of these charges have resulted or will result in cash payments, of which $1.5 million were made during fiscal 2019 (including $0.9 million during the first quarter of 2019) and $0.2 million were made during the first quarter of 2020. Approximately $0.7 million of cash payments will be made during the remainder of fiscal 2020 and the first quarter of 2021.

Retirement Expenses. As previously disclosed, we entered into retirement agreements with two of our executive vice presidents during the first quarter of 2019. The retirement and other benefits payable under the agreements are included in the estimated charges set forth above.