Memo 3

INTERNAL MEMO
October 28, 2018
To: All home office employees
From: ABC Industries, Inc. CEO, ………… (Insert Name)
Subject: Scheduled ABC Employee Performance Review
Recently, the performance of the company has been on a decline, significantly threatening the future of the company. In this regard, I would like to bring these dynamics to your attention:
The proposed merger between ABC and XYZ as communicated in our last meeting is underway.
XYZ has agreed to retain 80% of ABC’s workforce in the merger process.
To facilitate selection of the above employees, the company has scheduled an employee performance review in the next one month.
The details of the review have been shared with supervisors and will be disseminated accordingly.
Employees remain ABC greatest assets and it is in the company’s interest to promote their welfare. Accordingly, the company takes all the necessary measures in pursuance of this endeavor. This merger was considered in order to prevent the company’s collapse and to guarantee the retention of its workforce. Following a thorough negotiation process, XYZ granted us the 80% figure, even though our aim was to achieve 100% employee retention. Potential candidates will be identified through an evaluation process, where employees will be appraised by their immediate supervisors and the human resource manager.
The appraisal period will take a period of one month, upon which successful and unsuccessful candidates will be notified. All unsuccessful candidates will receive the full amount of severance pay, which will consist of the accumulated gratuity and retirement dues.

Successful candidates will consist of individuals who have achieved the following:
Demonstrated consistent performance in the past year.
Possess great skills and potential to further the company’s vision.
This decision comes at a time when ABC has made significant strides in promoting employee welfare. However, given the anticipated collapse of the company, it was warranted that the management takes this drastic action. In the long-term, the decision is impactful because it will reduce the risk of a massive loss in employment as a large percentage of employees transitions to XYZ. It is also an opportunity for ABC to retain its existence, compared to winding up. Should you have any question on the process, which will be communicated in detail through your supervisor, feel free to contact me through sending an inquiry to my email address …………… (insert email address).