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MTS Systems (MTSC) announces global workforce reductions in the Test & Simulation segment, including a product rationalization of certain product lines in China.Company estimates that it will incur a total of ~$4M to $5M of pre-tax severance and related expenses related to this action, all of which will require a cash outlay. This action to be completed within the next six months with the majority of cash paid in the first half of fiscal year 2021.