Weymouth

To: Dear Weymouth Steels employees, 2004 bequeath be a cut-throat competitive year for Weymouth Steel but we will be ready to confront it. Weymouth has purchased and installed new processing machines. We prepare alike constructed state-of-the-art rolling and hot-strip mills to compete against overseas companies much(prenominal) as Japan along with European manufactures. Weymouths chief city spending average will be about 2 billion a year for the duration of the next 5 years. Due to the competition from overseas companies, Weymouths business has slumped 25% within eight months. The company has endured considerable hardship from the losses. In order to relieve Weymouths capital turnover, we curb take place to a decision to lay off 11,000 employees. Weymouth knows this decision would be hurt everyone who works in Weymouth, but Weymouth doesnt down any other solution for saving the company. In new years, Weymouth has had several major cost-cutting measures, such as shutting passel processing plants and mills, restricting the use of overtime as good as temporary salaried employees. Other measures include trammel travel and other related expenses, so on. Finally, we will have to reduce the number of salaried employees. Weymouth deeply apologizes for the employees that will be affected by the restructuring.

Weymouth knows you all worked very hard and gainful your share of time into Weymouth. We will be giving demonstrable benefits for salaried employees being laid off consisting of 1,000 employees. Employees affected will be paid for unused spend for 2004 and any vacation accrued for 2005.The insurance will continue for an addition month after the layoff and spring employees could be covered beyond a month. Union members could receive a substantial portion of actor base pay for up to two years and Weymouths managers also have planned to help assist former employees in searching for a new job. Our competition has bear out us up against a wall in which they have succeeded in harming us as a... If you want to get a full essay, order it on our website: Orderessay

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