Company Downsizing You Are the President of Technik Inc.Global Competition and Reduced

question 63

Essay

Company Downsizing
You are the president of Technik Inc.Global competition and reduced market share has sent profits on a downward spiral which will result in employee layoffs.Nearly 10 percent of the employees will be laid off,effective in one week.They will receive two weeks severance pay,accrued sick leave pay,and career consulting from the human resources department.Write an interoffice memorandum announcing this negative organization news.

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Definitions:

Vibrating Tuning Fork

A tool that produces a fixed pitch when struck, used in various applications like music for tuning instruments and in medicine for assessing hearing and vibratory sensations.

Hearing Loss

The partial or total inability to hear sounds in one or both ears.

Jaeger System

A chart used for testing visual acuity, especially for reading and near vision.

Visual Acuity

Visual acuity or the precision in seeing, often assessed by the capacity to recognize letters or numbers at a given distance.