People care about where they work. The news that a company is for sale can cause key people to begin looking for work elsewhere. Here is the full text of the letter … These layouts provide superb instances of ways to structure such a letter, and also consist of example content to work as a … In case any of you are wondering, I’m not going anywhere. Print the letter on the company's letterhead. Company Merger Letter To Employees Source: itlever.files.wordpress.com. Employees of the merging or acquiring company, however, have an edge over those working for the acquired company as they may be rewarded with increase in remuneration and better job position. If you write a cover letter in a word-processing program, strip away all formatting as well as save the documents as simple text. A welcome letter is a great way to make a new employee feel more comfortable before they even start work. Michael Dell recently released a letter to his company’s 100,000-plus employees, urging them to keep calm, continue business as usual, and take media speculation with a grain of salt. Acknowledge employees’ feelings as some may feel a genuine sense of loss. We have worked together for the last 15 years and there has been various ups and down which the two companies have worked together to sail through. Case in point, Aon Hewitt found that the top drivers of engagement within an organization shift considerably during mergers and acquisitions, reflecting the changing priorities of employees: We hold similar values and philosophies on do- ing business: producing an excellent job for the client, an emphasis on honesty and integrity, and the importance of bringing a positive attitude to work. Example 1: Letter for Change of Ownership & Merger. Financial disclosure is very important, and people in the accounting department can usually figure out when something is going on — they’re suddenly inundated with very unusual and exacting requests for financial data! Do not react to an advertisement for a copywriter when you're actually a visuals designer, states Diana Qasabian, ability supervisor at Syndicatebleu. Likewise, revealing a sale or impending sale to employees is a delicate, critical matter. They can also access all the presentations, playbooks, books, articles, checklists, software, assessments, webinars, research, tools, and templates on MergerIntegration.com. Celebrate your accomplishments and history. PRITCHETT Merger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. 1234, Main Street, Boston, MA 02123. This sample letter is a format to announce the change in the name of the company following a merger or an acquisition. You can see how Jeff Weiner, the CEO of LinkedIn, and I envision the opportunity ahead in this public presentation. The very first paragraph is vital, according to Ramsey. By anticipating their concerns in advance, you’ll be better prepared to address them. Employers who choose to complete a new Form I-9 may do so before the merger or acquisition takes place as long as the employer has offered the acquired employee a job and the employee has accepted the offer. In the case of any major company change or upheaval, it’s an engagement gap that can’t be avoided, and is much more pronounced when employees are directly affected by the fallout. In fact, HNA Group has assured us that very few Ingram Micro positions will be impacted by this merger. Copied! Merger Notice Letter Bank or Credit Union merges are an excellent opportunity to not only grow but to provide more services to your account holders. Staggering the release of the business sale news is acceptable. This deal brings together the world’s leading professional cloud with the world’s leading professional network. As a Seller, you do not want to upset your employees before you even know the certain fate of your company, that’s why it is always best to keep your decision to sell confidential until the business has closed. Mergers are tricky business. (Right here are some cover letter examples if you 'd such as to get an aesthetic idea.) In the Ottawa Citizen online article "Managing post-merger consolidation," human resources guru Jeffrey Sonnenfeld says: "Take at least as much time as you spend with your financial analysts and spend it with your employees. Consist of all the info in your signature line you would certainly have on your calling card, including general delivery address, telephone number and also email address. John Cryan, Deutsche Bank CEO, ... Do not allow yourself to become distracted by speculation about alleged mergers or sales plans. Heinz Chairman, President and CEO Bill Johnson issued a letter to employees this morning after news broke that the company agreed to be acquired by Berkshire Hathaway and 3G Capital. I'd also like to thank everyone for their patience. Merger announcements make employees cringe because layoffs usually follow company mergers. "The subject line needs to be clear as well as particular to the job you're searching for." Acknowledge employees’ feelings as some may feel a genuine sense of loss. Don't allow this demand derail you. A solid cover letter needs a just as impressive resume in order for working with managers to stay up and take notification. Merger Offer Letter - DMC Stratex Networks Inc. and Western Multiplex Corp. ... would remain constant and will result in Western Multiplex s stockholders owning approximately 28% of the combined company. If you tell the employee that the company is not for sale and then the company makes a sale announcement two months later, that employee will feel betrayed and her trust will be broken. Tips for Writing Employee Emails and Letters . September message to employees from John Cryan. For this and many other reasons, news of a potential business sale should be a very closely guarded secret known to only a select few until the time is right to make the announcement. The news that a company is for sale can cause key people to begin looking for work elsewhere. As the company announced the shocking news that it's to buy Nokia's devices and services division, outgoing Microsoft CEO Steve Ballmer sent a letter to Microsoft employees … )__. Do not get adorable. Timing is Key. During the due diligence process of a merger, the acquiring company must consider employees' reactions when deciding to what extent and how to continue the seller's benefit programs, because integrating employees is an important consideration during a merger. This is what makes employees feel insecure about their jobs as they are clueless about how things will turn out inside the ‘combined entity’. A change in the ownership or management of a company may result in a significant change in the working conditions of employees. Lots of jobs ask you to submit a cover letter along with your other application materials, yet also if a cover letter is optional, you … If you tell the employee that the company is not for sale and then the company makes a sale announcement two months later, that employee will feel betrayed and her trust will be broken. It gives them a sense of having an upper-hand, yet, the fears of mergers cannot be neglected. Situations like Carol's are becoming more common for employees as the number of mergers and acquisitions continues to increase. Employees Hired on or before Nov. 6, 1986 Employees hired on or before Nov. 6, 1986, who are continuing in their employment and have a reasonable expectation of employment at all times, are exempt from completing Form I-9. We are in pursuit of a common mission centered on empowering people and organizations. State the purpose of the letter. Example 3: Company merger letter. That goes without claiming.". An instance: "Bilingual CPA seeks account manager setting.". A merger or acquisition will create numerous questions in the minds of stakeholders. They are generally emailed to the new employee by the employee's manager. "Bear in mind, your email address does not always immediately show up on the receiver's e-mail program," Ramsey says. Make them strategic partners." When creating an official or company letter, presentation style as well as style is vital making a great very first impression. Their first response naturally revolves around whether or not they're likely to keep their job, but it can also include concern about what new responsibilities might be added to their position: whether they'll be reporting to a new boss, how their benefits will change, etc. Date. Company Name or Letterhead Address City, State Zip. Staying human during these times could be the difference between failure and success. "Don't ever leave the subject line of your e-mail space, as well as do not lose it by just inserting the job number," Ramsey claims. Timing is critical, with small windows to conduct due diligence and communicate any changes to employees, shareholders and customers.Then there’s the actual work of merging two organizations. Below's whatever you need to know to write a letter that really markets your abilities. If you're emailing a return to, your cover letter will certainly deliver the impression. Your Letter to Employees. The disclosure to the outside world that a company is for sale — in other words, a candidate for a merger or an acquisition — can be a devastating bit of news. Following the merger announcement this morning, the US Airways CEO Doug Parker sent out a letter to his employees outlining the merger with American, and we’ve pasted it in full below: When composing an official or service letter, presentation design and layout is crucial to making an excellent first impression. (" Genuinely" or "Warm concerns" work well.) However, mergers may increase job security for employees who aren't laid off. In the case of any major company change or upheaval, it’s an engagement gap that can’t be avoided, and is much more pronounced when employees are directly affected by the fallout. Integrating two companies is tough, and I recognize that many of you have put in significant additional effort to help the two companies begin operating as one. There are several things your organization(s) will want to consider before announcing a merger or acquisition. Dear Mr. Johnson: As I am sure you are aware from recent news reports, First Bank and Dayton Credit Union are joining hands to better serve you. Plus, scroll down to see an example cover letter you could use to craft your own. Communicating large changes effectively, such as a merger or an acquisition, is important to maintain good relationships with your clients. Mergers tend to have a negative impact on how employees view their employers. This is a merger of two highly compatible firms. From: Mr. Williams. This immediately alerts existing customers to the nature of the transition … Close the letter by warmly inviting the recipient to respond or to take the necessary action. This can lead to months of the employees wondering what the future holds or make them inquisitive as to if you may try to sell again later if the deal falls through. As you know, the merger of our parent company with Doe Enterprises is having a ripple effect on other smaller subsidiaries. Key Elements of Company Merger Success . Be sensitive to the time it may take for employees to accept change post merger. Communicating large changes effectively, such as a merger or an acquisition, is important to maintain good relationships with your clients. For Buyers, letting employees know that the company is seeking acquisitions has little downside. A substantial focus was placed on organizational announcements, for instance the top-level structure and leadership appointments—the areas that most concerned employees. Mergers and acquisitions are an exciting time for any organization. If employees find out that their employer is for sale, they may get twitchy and nervous. Some employees immediately look for new jobs rather than waiting to find out if they'll keep their jobs after a merger. Make the merger announcement on new company letterhead or on stationary or an email template that contains both existing company logos. The ‘fusing’ of two companies often results in the implementation of new policies, procedures and business regulations. Generally, the CFO needs to know, and depending on the size of the firm, she may need to let certain key employees in on the secret. The answer to all of those questions with LinkedIn is squarely yes. Some people - including me - don't believe in mergers: whenever two companies combine, one is always taking the other one over, in effect. Our brand, strategy, purpose and values remain unchanged. Business Letter. ... that the combination of our two companies represents a uniquely attractive opportunity to your management team and employees. When you’re selling your company in an M&A transaction. Founder and CEO of Vincent Industries. Company Merger Letter To Employees from www.feiengineers.com. First of all, I'd like to thank you for your cooperation and hard work. During a transition there are always more questions than answers, and I appreciate your ability to stay focused and productive in spite of … Discuss in the letter whether or not these two documents are going to be required before the transaction can take place. Many companies list these guidelines on their Website. Put in the time to learn the business standards for submitting resumes, and follow them. Often, when companies go through a merger or acquisition, the employees feel insecure about the future of their employment. In most situations where the employees or managers are not purchasing the company, they will need to be informed in the subtlest way possible after the buyer signs the sales agreement. An entity to entity merger/acquisition has manifold considerations, movement of employees and their rights being one of the most important aspects. The following gives you some insight into this important topic. In a recent merger, the communications team and the integration-management office (IMO) reviewed a checklist of all possible merger milestones and quickly identified the most relevant ones. The filing also included a copy of the company's press release which had been distributed the previous day: Some email packages instantly do word cover for you, so your cover letter does not get here in pieces. Some firms obstruct all e-mails with attachments to stop infections. US Airways and American Airlines made their merger official this morning, publicly confirming that the airlines plan to combine. Sub: Business proposal for a merger. Dear Current Subscriber: The Daily Stratford and Stratford Press have merged to form The Daily Stratford Press. Recognizing your employees’ work will make them feel good about themselves and motivate them for future work. This mindset is also necessary if we want to see ourselves increasingly as a technology company. Case in point, Aon Hewitt found that the top drivers of engagement within an organization shift considerably during mergers and acquisitions, reflecting the changing priorities of employees: If an employee asks you about a rumor that the company is for sale, neither confirm nor deny the rumor, but never lie. Merger announcement letters are addressed to your existing customers to encourage continued repeat business, introduce the new brand, emphasize customer benefits, state the company mission and explain any potential changes. For this reason, Sellers should tell employees about a potential sale on a strictly need-to-know basis. Read how to prepare your communication letter … All letters to employees must be addressed with the proper names of the recipients. If employees find out that their employer is for sale, they may get twitchy and nervous. Convey your … Loose lips sink ships. If you will be laying off employees, have each termination planned in advance, including having your information technology department ready to terminate passwords and security personnel on site to handle any disruptions. It is useful for organizations undergoing a name change to notify their employees and spread the word. And also keep in mind, your email software application's spell-checker will not capture grammar blunders. If time is of the essence (for example, if you have a family emergency and need to take the day off), email is likely the best choice. Some pointers for composing a cover letter are common, whether you're e-mailing or snail mailing: Be expert, with proper spelling and also grammar, and also very crucial do use them. For this reason, Sellers should tell employees about a potential sale on a strictly need-to-know basis. What and When to Tell Employees about a Merger or Acquisition. Company Merger Letter To Employees Source: 2.bp.blogspot.com suggestions for better e-mail cover letters If you're emailing a resume, your cover letter will supply the initial impact. The letter should come from the new top manager of the merged organization or be written as a jointly-issued communication from the CEOs of the merging companies. What and When to Tell Employees about a Merger or…, Mergers & Acquisitions For Dummies Cheat Sheet, Mergers and Acquisitions (M&A) Online Resources, Keys to Successfully Completing an M&A Deal. The employee must complete Section 1 no later than the first day of employment and the employer or the authorized representative must complete Section 2 within 3 business … We look for specifics in e-mail cover letters, which means skills as well as capacities," she adds. Make certain your cover letter includes these three things. Dye and Patkins Loan Company . Example letters to announce an office or store closing to employees. This document will add a measure of security to both parties. Mergers and acquisitions: How to keep employees from leaving. And does this asset align with our core business and overall sense of purpose? Mergers and acquisitions are an exciting time for any organization. Address how the merger will affect employees directly. I am so proud of the company we have built together. Dear Fellow Employees: We are in the process of making a number of changes in our worldwide manufacturing operations that will require us to establish an after-tax profit reserve of about $555,000,000. To each one of you, I wish to send my personal thanks and appreciation for the hard work you have put into this company over the years. Due to the fact that numerous companies utilize applicant tracking systems (ATSes) to locate as well as evaluate prospects, skill-oriented key words will boost your opportunity at being found, an employer at a big innovation firm states. "It may be the limited work market, but we've been receiving increasingly more letters replying to a specific work from candidates that are not at all received it," she says. " If you're working search or return to entry using e-mail, the impression any kind of employer will have is from your cover letter. US Airways and American Airlines made their merger official this morning, publicly confirming that the airlines plan to combine. With this business merger, we will also join efforts to bring you the positive aspects of both newspapers. I love what I do, working with all of you, shipping incredible … Acknowledge pride. As I’ve said in meetings before, this kind of thing doesn’t just happen. Share past memories and allow employees to take part to say goodbye before moving on. Empathy for employee needs breeds the help you need to manage change. Although mergers and acquisitions are typically used as an umbrella term to represent two companies … Decide on the right method. I have been learning about LinkedIn […] You could also write a termination letter to fire an employee for his/her poor performance. These themes supply outstanding examples of the best ways to structure such a letter, and also consist of example content to work as a guide to format. Addressee Address City, State Zip. The text below was included as an exhibit to an SEC Form 8-K filed by Farmer Bros. on the morning of May 1, 2007, in which it was reported that "[o]n April 30, 2007, the Company held employee meetings and issued a letter describing the acquisition of Coffee Bean Intl, Inc.". But they can also be stressful when you have to figure out how to write a letter to announce said merger or acquisition to your clients.. Date. Example 5: Example Letter of Merger & Change of Ownership. When deciding whether to send a physical letter or an email, think carefully about the situation. Company Merger Letter To Employees For Your Needs. Be brief and straightforward and avoid adding irrelevant details. But they can also be stressful when you have to figure out how to write a letter to announce said merger or acquisition to your clients.. Team, I’m excited to share that today Microsoft announced a deal to acquire LinkedIn. Heinz Chairman, President and CEO Bill Johnson issued a letter to employees this morning after news broke that the company agreed to be acquired by Berkshire Hathaway and 3G Capital. Thus, I would expect them to keep as many employees as possible doing the same outstanding work they have done so far. 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