This notice to employees of bonus cancellation template template has 1 pages and is a MS Word file type listed under our human resources documents.
OBJECT: NOTICE OF BONUS CANCELLATION Dear [CONTACT NAME], This has been a difficult year for [COMPANY]. I am sure that you all know that the loss of contracts with [COMPANY], due to [DESCRIBE], hurt us substantially. In [MONTH], we had a major decision to make. The question we were faced with was whether to let some of our employees go, or to explore all other possible avenues of cost reduction, keeping everyone's job intact. We chose the latter course. Unfortunately, one of the policies we were forced to eliminate for this