Legal Forms
To search for a particular term please use the following search box.
Important Notice : Lawyerintl.com strongly recommends that you seek independent legal advice from a qualified lawyer before using any of the forms on this site, in order that you can verify the forms are suitable for your needs.
Economic Layoff Notice
ECONOMIC LAYOFF NOTICE
TO: [First Name of employee] [Last Name of employee]
[Title of employee]
FROM: [First Name of employer] [Last Name of employer]
[Title of employer]
DATE: [Date of notification]
RE: Economic layoffs
I am sorry to tell you that your employment with [Name of Company], Inc. will be terminated on [Date of termination], two weeks from the day you receive this letter. As you know, our company has suffered from unfavorable economic conditions for the last few years. Because of our increasing costs and declining market share, we have no alternative but to shrink our personnel size and cut costs.
Please understand that this decision in no way is a reflection of your performance as you have been a fine employee for [years/months] with our company; the company simply cannot maintain the current number of employees and still be profitable.
In addition to your regular pay, your last paycheck will include all accrued vacation/sick leave time and three weeks severance pay. Your company medical and health policy will be effective for the next six months.
I hope that you will find employment with another company soon. If you need a reference, feel free to use my name as I only have positive things to say about you.