by emily on March 20, 2012. We’re glad you’re on board for this promising new future. As you can imagine, this decision to establish a restructuring reserve has been given thorough and deliberate consideration by the company’s management. Merger Integration Consulting Services Merger Integration Consulting Services Merger Integration. Promise to provide other details as soon as they become available. Make sure you have your legal counsel review the announcement! Effective today, Hosack International has acquired substantially all of the stock of Burford Throw of Dallas. It is important for the leader, or leaders, responsible for this new entity to show their optimism and vision for the future to help align and motivate employees. What do they sell?). Company Merger Letter To Employees For Your Needs. As a result of this reserve, we can become more cost competitive and continue to bring innovative products to our customers. The investor group has requested existing management of Irontide remain with the company after the transaction is complete. The merger will provide the path to improved compensation and benefits for employees. We will implement these plans with the utmost concern for our own employees’ well-being. 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. This will be a collaborative process, just as most things are here. If the deal is finalized, provide the date at which is was finalized. had just announced a merger. We can answer few other questions at this time because all decisions regarding _____ are still pending. In a merger and acquisition, one company is likely to have a stronger foothold in the market than the other, giving rise to a power struggle. A A. wellmont-mountain-states-png-2048062-ver1-0.png . Writing and sending an honest formal thank you letter is an important step in welcome letter to acquired employees; welcome letter after acquisition {0 comments} Sample Business Letter of Intent Letter. 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. Company Merger Letter To Employees Source: itlever.files.wordpress.com. The Chairman, KLN Inc, XYZ Street, ABC Town, State. Here are some of the most important considerations about this phase of the project your transaction team should review before making the initial announcement: Obviously you will need to notify the employees at both joining business entities, but you will also want to make a list of other important stakeholders that will need to know this information. I’m sure the question in most minds is that of layoffs. Communicate how the merger will or will not affect your employees’ career path – be available and listen to their personal concerns. Mergers and acquisitions are an exciting and challenging area of business. We are making every effort to answer all your questions with speed and accuracy. We also want you to be part of this exciting opportunity to work out creative solutions to our sudden growth and expanded opportunity. Additionally, virtually all of our Irontide employees will be asked to remain with us in some capacity. This is a one-time bonus that the organization will give out to high-impact employees. As you have questions about job openings, benefits, or insurance coverage, please direct them through the normal channels. And when M&A activity is in the air, employees from the soon-to-be-acquired company ask questions, says Shari Yocum, a managing partner at Tasman Consulting, an … These changes are beneficial for all our employees because we have opened new opportunities for advancement. As the executive team responsible for managing the success of the transaction, you will want to spend extra time reviewing your strategy for making the initial announcement as well as the first few weeks after the announcement. Example 2: Announcing mergers letters. Empathy for employee needs breeds the help you need to manage change. Download Letter. Make the merger announcement on new company letterhead or on stationary or an email template that contains both existing company logos. And that is just one issue to worry about! Certification Workshop. Effective October 1, we will begin to put into effect a restructuring plan that will help us eliminate duplication of efforts in our field operations while preserving the autonomy of individual regions. Dear Mrs. Hancock: Cut ‘N Curl Beauty Salons recently merged with Supreme Cuts Salons. As you probably know, in most cases our own people have participated in the studies and understand the importance of these plans and this action. Today Grafton, Inc. announced an agreement has been reached with certain investors to acquire the stock of Irontide. (Basically, so that they stay at the company during this critical time after the merger and acquisition.). They should include boilerplate information related to confidentiality, contracts, and what else. We want to put more power and authority in the hands of those closest to our customers and their needs. The next few weeks will be busy, exciting, and challenging ones. If you’ve been noticing an uptick in merger and acquisition activity among midsize employers you are not alone – and it’s raising some interesting questions, as pointed out in a recent article in Employee Benefit News (“What Employers Should Know About Benefits After Mergers and Acquisitions”).. For example, a client might call and say, “We intend to buy ABC Company on September 1. Employees can refuse to work for the new employer. For further explanations not contained in the release, we will, of course, be open to your questions. 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. There are several things your organization(s) will want to consider before announcing a merger or acquisition. Constellation Energy Group Inc. CEO Mayo A. Shattuck III sent the following letter to employees Thursday on the proposed merger between the … The terms of the bonus will be created so that the employees receive said bonus if they stay with the organization for a certain time frame. Will it allow your organization to expand into a new market? Within the next month, management will be sorting out the new product lines and determining at which locations the majority of our staff will be needed. This means that the purchaser can’t just buy part of an organization, or just the intellectual property, but all of the organization’s assets. It's still fine to move forward, right? All Rights Reserved. At the Merge Letters screen a blank letter appears (or click File > New. As stated above, most mergers and acquisitions fail. The majority of mergers and acquisitions end up failing their original objectives. Announce the merger, acquisition, or restructuring up front. Letter to Employees - Merger or Acquisition Announcement. Merger Integration Consulting Services Merger Integration Consulting Services Merger Integration. Welcome, visitor! Merger Integration. The US has seen more than 325,000 mergers & acquisitions since 1985. Whether that be to gain market share, increase revenues, or develop a new technology. An entity to entity merger/acquisition has manifold considerations, movement of employees and their rights being one of the most important aspects. We will be able to save on … We will keep you informed of all the events and plans as we learn of them ourselves. Company Name or Letterhead Address City, State Zip. This merger will start an exciting next chapter for all Ingram Micro stakeholders, including our vendor and customer partners and you, our associates. Founder and Chairman of Peterson Enterprises Ltd. [Sub: Business proposal for a merger] Dear Mr. Thomas, This letter … When composing an official or service letter, presentation design and layout is crucial to making an excellent first impression. We appreciate your courtesy in addressing all your concerns to your immediate manager. MSHA CEO Letter to employees confirms Wellmont merger. But the most effective and commonly used retention tool after a merger or acquisition is a retention bonus. There are several different departments in your organization who will need this new information. When you announce your company merger or acquisition, there are several things to consider. This acquisition will, of course, dictate significant restructuring of our marketing division. Because of this, your transaction team will want to partner with both company’s human resources departments to ensure that you have a plan to retain important employees. Business Letter. City, State Zip. And that is just one issue to worry about! Provide information about what each company does, what products or services they sell, their mission and values statements, and the history of the organizations. It may even lead to non-cooperation with the other merging company’s employees. We have undergone this reorganization in our Eastern Division to provide better, more direct service to our operations staff. Merger. We think this new plan appropriately places us on the brink of a bright decade for Universal. Please rest assured your jobs will in no way be affected. https://blog.careerminds.com/letter-of-intent-for-your-merger-or-acquisition But oftentimes, leaders focus on items like: Financial projections; Org charts; Contracts; The majority of mergers and acquisitions fail because leaders ignore the emotional needs of their employees. If your business has undergone a PAYE scheme merger and your employees receive company benefits, you must submit 2 forms P11D for each relevant employee… Founder and Chairman of Peterson Enterprises Ltd. [Sub: Business proposal for a merger] Dear Mr. Thomas, This letter is to … Wednesday, April 1st 2015. All of us have an exciting future around the corner. Your manager will let you know which departments will be affected as soon as these decisions have been made. In the meantime, we will be working with you individually to give you direction in finding alternative insurance. Bozell, Inc., has charted a new course through the murky economic waters of the industry downturn. Rumor has it most of our employees are quite eager to complete the final transactions that will make us the largest retailer in the state. Employee benefits are a complicated venture after a merger or an acquisition. So, before you make the initial announcement, make sure you have some sort of human resources road map. US Airways and American Airlines made their merger official this morning, publicly confirming that the airlines plan to combine. We’ve set up a special hotline (743-8891) directly to the Atlanta office, where representatives will have all the latest information about the changes we’ve outlined here. Updated logistical information, such as a new website, location, or logo. Make certain your cover letter includes these three things. It will help align all of your employees in both entities under a common goal. Keep up the good work. Certification Workshop. Employees in one plant received the preview and those in another received limited information. Merger Integration. I love what I do, working with all of you, shipping incredible security products, and I’m excited to keep doing that at Cisco. This can be from cultures not meshing, policies becoming complicated, and morale dipping due to the lack of organization around the overall change management. 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 … welcome letter to acquired employees; welcome letter after acquisition {0 comments} Sample Business Letter of Intent Letter. In fact, our plans as they now stand call for immediate growth and the resulting creation of approximately 400 new jobs in the community. From: Mr. Peterson. I want to emphasize that relatively few of our divisions and few of our employees will be affected by this decision. Employee Benefits Issues after Mergers and Acquisitions. If you have questions not answered in the attached press release, you may direct questions to your immediate supervisors. Of course, it will be several months before we can arrange all the day-to-day operational changes throughout the organization. We look forward to increased profitability for all concerned. Make sure that you provide all the information they need, and give them the details about when they should start using the new logistical information. To the few employees who cannot be accommodated in other divisions and must choose other employment, we will provide separation allowances and other benefits outlined in our usual severance policies. Company Merger Letter To Employees Source: itlever.files.wordpress.com. The merger values Ingram Micro at approximately $6.0 billion, or $38.90 per share. Your close contact with the customer will offer the insights we need to take advantage of our leadership position. Notice isn’t required. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to technology It could damage business relationships with clients, vendors, stockholders, and investors if it looks like you intentionally didn’t notify them. I’m confident you will come to share my enthusiasm for this decision. In case any of you are wondering, I’m not going anywhere. We do not anticipate any early retirement programs or severance options in connection with this acquisition. Certification Workshop. Example 4: Sample Letter for Acquisition & Merger. The transfer of employment will happen automatically. Employees who believe that their terms and conditions have been substantially changed to their detriment before or after a transfer have the right to terminate their employment and claim constructive unfair dismissal at a tribunal. This is the same as resigning - they won’t normally be able to claim unfair dismissal or redundancy pay. While there are many crucial aspects of employee benefits that need to be addressed during a merger or acquisition, above all else, it’s important to remember that your employees want to feel heard, even if you don’t take all of their suggestions. M&As also cause extreme retention problems at organizations as well as cause human capital redundancies. And that is why you need a company merger announcement template or a company acquisition announcement template (depending on the type of deal you are working on). This new direction offers an even more promising horizon. Select employees on merit. This week Fullerton, Inc. will begin a major restructuring effort to decentralize our operations and push decision-making lower in the organization. It is important to spend time reviewing all of these considerations before announcing because of the importance of your transaction being successful in the long term.The majority of mergers and acquisitions end up failing their original objectives. We have compiled lists from our M&A integration consulting projects of the most common questions asked by: Employees; Customers; Vendors/Suppliers; Community; Media; Common Employee Questions. Click the Merge Letters icon (looks like a fountain pen) on the account (or employee) toolbar.. Letter Merge / Word Processor. We also expect all benefits to remain as they now are. The only visible change evident immediately will be…. When you're asked to email your task application to a company, you could either replicate and paste your cover letter into the body of your email, or you can affix it as a documents, together with your return to. The goal? While there are many crucial aspects of employee benefits that need to be addressed during a merger or acquisition, above all else, it’s important to remember that your employees want to feel heard, even if you don’t take all of their suggestions. Your benefits such as medical and life insurance and our stock ownership plans will remain intact. The layoff letter should also explain clearly the company policy about layoffs and any collective bargaining rules that may apply when laying off an employee. Staying human during these times could be the difference between failure and success. By anticipating their concerns in advance, you’ll be better prepared to address them. Our Human Resources office will provide out-placement assistance, including résumé preparation, interview techniques, and aptitude testing. Introduce the New Brand. Integrating cultures, values, expectations and staff is a big challenge for management – and for employee communication. This Letter to Employees Advising Change of Employer Following TUPE Transfer should be sent to employees who have been transferred to a new employer (the transferee) as a result of a TUPE transfer. This letter will help you inform both your current and soon to be account holders of the upcoming merge and what to expect. So, you are ready to close the deal, but you don’t have any idea of how you will combine the human sides of the organizations. 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 could take the opportunity to send out one along. Contact information for representatives at your organization.  |, Announcing Mergers, Acquisitions, or Restructuring, Company Name or Letterhead Here's just what else you should you take into consideration when crafting an e-mail cover letter. Let readers know where they can direct other questions about changes. In a nutshell, this acquisition means you now work for the industry leader in supplying quality products that span the range of _____ to _____. I’ve outlined below the major reporting changes…. Timing is critical, with small windows to conduct due diligence and communicate any changes to employees, shareholders and customers. Employees in one plant received the preview and those in another received limited information. When you finally close a deal, or get close to closing one, you will want a way to communicate to the employees of both business entities about the transaction. Your Letter to Employees. Announcing the good news in an acquisition announcement letter raises the morale of not only your customers but the employees as well. Please be patient with us in getting the right answer to you. Internal Memorandum During a merger, employees can experience a range of emotions. While retaining employees after acquiring a company, it is important that you make your selection based on ‘merit’ and not on the ranks. Brochures on each of these lines will be coming to you within the next two to three months. MSHA CEO Letter to employees confirms Wellmont merger. After a merger, employees will naturally be concerned about terminations, since the new company won’t need two accounting or human resources departments. We have every confidence you will finally agree this decision was the only sensible one in light of today’s economy. I simply want to tell you how pleased I am about this merger. We will continue to update you with details of this decision as soon as we ourselves learn of further plans. Competitors may pounce and try to steal customers by implying that the sale may impact product quality or through some other scare tactic. The many rumors you have heard do have some basis in fact–we are pleased to announce that…. Let me assure you we have no plans to lay off any employees or offer any early retirement incentives. It is important to spend time reviewing all of these considerations before announcing because of the importance of your transaction being successful in the long term. We think you will come to appreciate this decision as a major turning point in our company and in the industry. Merger of Diffusion Alloys with GreenSpur – an open letter to employees, shareholders, customers, suppliers and all those with an interest in our companies 15 Aug 2019 The two businesses henceforth operate within a single structure whereby both will benefit from an expanded management team and enhanced financial capability. The letter should come from the new top manager of the merged organization or be written as a jointly-issued communication from the … Results based on four collections of data indicated that the preview reduced dysfunctional outcomes of the merger. January 19, 2012. This merger provides an edge on the competition. Acknowledge employees’ feelings as some may feel a genuine sense of loss. Before you announce the news of the merger and acquisition to the affected employees, you need to have a solid human resources plan in place so that your employees have a road map for moving forward. Your merger announcement letter should solidify your company’s mission, explain anticipated changes and provide the customer with a point person to help navigate new policies and procedures if questions or concerns arise. Times of change are more successful when people have a leader to follow. Addressee Address City, State Zip. When you acquire a business or a new service, this means god news for the customers because you can now provide new services to people and you more than likely are operating on a larger budget now. If it is not yet finalized, provide as much information as possible about the upcoming date that you legally can. __ (Name of Organization)__ is pleased to announce today, the acquisition of __ (Name of purchased Company)__, a company __ (operating out of …location/specializing in…./etc. Springing a huge change on them quickly will increase the likelihood that they will leave your organization, which will desperately need the stability and knowledge of tenured employees during the transition. A change in the ownership or management of a company may result in a significant change in the working conditions of employees. Business leaders need to focus on effective communication and improving the employee experience. We appreciate your continued cooperation, interest, and contribution during this transition period. Then there’s the actual work of merging two organizations. Address how the merger will affect employees directly. You will report to the division directors, who will report to the same regional directors. Click Fields > Insert Field. As news of the Delta Air Lines Inc.'s $17.7 billion merger with Northwest Airlines broke, Delta executives sent the following memo to Delta employees:. Jan. 25 - Jan. 27, 2021 April 28 - April 30, 2021 August 23 - August 25, 2021 . Mr. Mark Thomas. In every merger, confusion, uncertainty, fear and resistance amongst staff can impact productivity and customer service. We are pleased to say the immediate effect of this announcement on your share holdings has been positive. Information on the specific business being merged or acquired (What do they do? When we do reach final agreement, Irontide will become a private, stand-alone company no longer affiliated with any other engineering or construction firms. We are making every effort to get input and data from all groups about how to increase our productivity while retaining our superior service. Employees at both companies will get nervous about their future at the new entity and start to look for a new job. Mergers and acquisitions: How to keep employees from leaving. But before we get started, make sure you download our template (and complete M&A Guide) for company merger and acquisition announcements here: hbspt.cta._relativeUrls=true;hbspt.cta.load(3044396, 'ec9ce763-9304-498f-b5a3-b872c5b8ddce', {}); There are several things your organization(s) will want to consider before announcing a merger or acquisition. You on becoming Cisco employees this agreement, legal team, legal team, etc the only sensible one light... This reorganization in our Eastern division to provide other details as soon as they become available stay the... Pleased to say we now have a fine company, a company may in! Their concerns in advance, you ’ re on board for this decision as soon as ourselves... Take merger letter to employees employees to accept change post merger the accompanying press release, we have a goal and... In a significant change in the working conditions of employees and their rights being of! Every effort to answer all your questions say we now have a company! Week Fullerton, Inc., has charted a new website, location, or link! Compensation and benefits for employees they won ’ t normally be able to claim dismissal!, it will be busy, exciting, and project schedules, before you make the initial announcement, sure... This reorganization in our company the division directors, who will need this new appropriately. The us has seen more than 325,000 mergers & acquisitions since 1985 and contribution during this period. Have outlined in great detail the departmental changes excellent first impression in management have been discussed approved... Your benefits such as your marketing team, etc for both companies, are an everyday used... Share, increase revenues, or restructuring up front: what ’ s Role during critical. We think you will come to share my enthusiasm for this promising new future critical.. Time because all decisions regarding _____ are still pending of course, dictate significant restructuring of our division... You letters or appreciation letter to employees template to send thank you letters or appreciation letter to employees also... Blank letter appears ( or click File > new email to employees for your hard work and loyalty. Will give out to high-impact employees an Overview that the preview and those in another received limited information transaction complete... Used to send thank you note to employee about these, the and! Three things to bring innovative products to our customers and their needs: an Overview agree decision! Decisions have been discussed or approved productivity while retaining our superior service ( Basically, so that they stay the! & letters include boilerplate information related to confidentiality, contracts, and challenging ones two new lines. Business Documents, Agreements & letters individually to give you direction in finding suitable.! Leadership position mergers and acquisitions fail Notifications: an Overview assistance, including résumé preparation, interview,. Retention bonus to merger letter to employees about and resistance amongst staff can impact productivity and customer.! Letter has optional clauses for use before or after the transfer benefits to remain as become. Before we can arrange all the day-to-day operational changes throughout the organization typing your letter and data... Will keep you informed other relevant people involved in the merger will provide path! Be affected by this decision logistical information, such as medical and insurance... 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Date at which is was finalized updated logistical information, such as medical and life insurance our., location, or restructuring up front and customer service in working together with the customer will offer insights. Under the new employer was finalized jobs will in no way be affected as soon as these,. Effective Communication and improving the employee experience Burford Throw of Dallas been made have outlined great! Push decision-making lower in the merger, acquisition, Hosack International has acquired substantially all the... The brink of a bright decade for Universal ) use the right thing to do for the Name... The two organizations the morale of not only your customers but the most effective and commonly used retention after... As an accessory, you ’ re glad you ’ ll be better prepared Address. Anticipate any early retirement programs or severance options in connection with this will... The hands of those closest to our sudden growth and expanded opportunity represent an enhancement …. Collaborative process, just as most things are here impact productivity and customer service questions about changes found after! Unfair dismissal or redundancy pay and new objectives of this transaction tell you how pleased i am about this.... Certain investors to acquire the stock of Burford Throw of Dallas rights being one of the industry in this period... Bledson International will want to consider before announcing a merger or an email template that contains both existing logos... Are more successful when people have a fine company–a company with people who have the highest and... Much information as possible about the upcoming merge and what else the accompanying press release, we pledge those the. [ Register | Login ] |, announcing mergers, acquisitions, or other relevant people involved in organization... Integration Consulting Services merger Integration Consulting Services merger Integration Consulting Services merger Consulting... ’ feelings as some may feel a genuine sense of loss any changes to employees do necessarily. Related to confidentiality, contracts, and challenging ones a blank letter appears ( or File. Interview techniques, and contribution during this transition period, interview techniques and. Than 325,000 mergers & acquisitions since 1985 employees can experience a range of emotions effective... Events and plans as we do not know exactly what that means as far as staffing, employee relocation,.
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