Sample Termination Letter Due To Company Close Down

You care about the employees and regret having to make layoffs.

Sample termination letter due to company close down. Sample business closing letter this template shows that a company is going to be closed and therefore sending business closing letters to the shareholders. In this sample termination letter the owner of the company expresses regret at having to let the employee go. This type of sentiment is acceptable when an employee if fired through no fault of his or her own. We really cannot afford to pay termination benefit to our employee.

Our company is a sole proprietor and just a very small company. Otherwise any sudden closure can affect the shareholder s investment. The reason why people issue cancellation letters is mainly due to unsatisfactory or poor performance not meeting the expectations and at times unavailability of funds. A termination letter notifies an employee that he or she has been fired lists the next steps they need to take and explains the benefits or compensation they are due to receive.

A business closing letter is a letter that is written by a business to inform its clients and suppliers that it is shutting down. We will be giving our employee 1 month notice and will be closing down in december 2015. Termination letters are also called a pink slip. Once you decide you are going to close your business you need to announce that closure with your business partners with a formal letter in writing.

The letter should be printed on company stationery with the official signature of the employee s manager or in a small company the owner or president. It is also evident from the template that the shareholders must be informed much ahead of closing. Try to explain the reason behind this step in an optimistic and positive way. The reason for the closing should be specified in the letter.

Therefore we have not been giving any written employment contract to any of our employee. For closing down a company which has had an employment strength of 50 or more employees a simple letter will not be sufficient but it is to be prepared in accordance with the provisions of the industrial disputes act. Employee termination letter made easy with 4 samples template. This sample termination letter is an example of the type of letter you might write to employees your business is forced to lay off due to economic factors.

The letter mentions the reasons for the end and what the clients and suppliers have to do before the closing.