Situations like Carol's are becoming more common for employees as the number of mergers and acquisitions continues to increase. After a merger, employees will naturally be concerned about terminations, since the new company won’t need two accounting or human resources departments. 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. Exactly what you write in the subject line can determine whether your letter gets read, according to Lydia Ramsey, business decorum specialist as well as author of Good manners That Sell. Companies merge partly because they anticipate creating a stronger business by combining finances … Other pointers pertain just to the digital tool, and when ignored, might spoil your chances prior to your foot is in the door. Make them strategic partners." Acknowledge employees’ feelings as some may feel a genuine sense of loss. Below's whatever you need to know to write a letter that really markets your abilities. Example 3: Company merger letter. 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.. They are generally emailed to the new employee by the employee's manager. US Airways and American Airlines made their merger official this morning, publicly confirming that the airlines plan to combine. When you're asked to email your job application to a firm, you could either replicate and paste your cover letter right into the body of your email, or you can attach it as a data, in addition to your resume. Mergers and acquisitions are an exciting time for any organization. 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. "Hook the reader in the initial paragraph by selling him or her your capabilities," she states. Acknowledge pride. Exactly who that is depends on the specifics of each company. In case any of you are wondering, I’m not going anywhere. 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. Put in the time to learn the business standards for submitting resumes, and follow them. Mergers tend to have a negative impact on how employees view their employers. However, mergers may increase job security for employees who aren't laid off. I'd also like to thank everyone for their patience. Addressee Address City, State Zip. Timing is Key. If employees find out that their employer is for sale, they may get twitchy and nervous. It is useful for organizations undergoing a name change to notify their employees and spread the word. 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 … I would like to assure you that it is business as usual at Ingram Micro and very little, if anything, is expected to change as a result of this merger. Address how the merger will affect employees directly. An entity to entity merger/acquisition has manifold considerations, movement of employees and their rights being one of the most important aspects. As you know, the merger of our parent company with Doe Enterprises is having a ripple effect on other smaller subsidiaries. In an annual survey of 10,000 U.S. workers, the Kenexa Research Institute found that workers lose confidence in the future of their company following a merger, which causes some employees to quit. As the claiming goes, you don't obtain a 2nd opportunity to make a very first impression. 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. You will receive … 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. Key Elements of Company Merger Success . If all your friends are tapped out, or perhaps if they typically aren't, test your email cover letter by emailing it to yourself, and also placed on your own in the attitude of an employer when you read it. The news that a company is for sale can cause key people to begin looking for work elsewhere. I have been learning about LinkedIn […] Treat the confidentiality clause in the confidentiality agreement very seriously. Team, I’m excited to share that today Microsoft announced a deal to acquire LinkedIn. 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. Dear Mr. Peterson, This letter is to confirm the mutual intent of a merger between the Dye and Patkins Loan Company and Vincent Industries. 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. These simple letters serve to welcome your new employee to your organization and give them any relevant information for a smooth start. 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: Company Name or Letterhead Address City, State Zip. Staying human during these times could be the difference between failure and success. Loose lips sink ships. Company Name or Letterhead Address City, State Zip. This is what makes employees feel insecure about their jobs as they are clueless about how things will turn out inside the ‘combined entity’. Decide on the right method. This document will add a measure of security to both parties. The filing also included a copy of the company's press release which had been distributed the previous day: "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. 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 … 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. Celebrate your … Business Letter. Empathy for employee needs breeds the help you need to manage change. The news that a company is for sale can cause key people to begin looking for work elsewhere. (" Genuinely" or "Warm concerns" work well.) 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: Some firms obstruct all e-mails with attachments to stop infections. Conserve emoticons, acronyms, as well as wild colors as well as typefaces for your nonprofessional e-mails. 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. 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.". If employees find out that their employer is for sale, they may get twitchy and nervous. People care about where they work. When deciding whether to send a physical letter or an email, think carefully about the situation. 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.. "Bear in mind, your email address does not always immediately show up on the receiver's e-mail program," Ramsey says. Competitors may pounce and try to steal customers by implying that the sale may impact product quality or through some other scare tactic. The answer to all of those questions with LinkedIn is squarely yes. Addressee Address City, State Zip. A solid cover letter needs a just as impressive resume in order for working with managers to stay up and take notification. First of all, I'd like to thank you for your cooperation and hard work. We look for specifics in e-mail cover letters, which means skills as well as capacities," she adds. With this business merger, we will also join efforts to bring you the positive aspects of both newspapers. And that is just one issue to worry about! 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. Constellation Energy Group Inc. CEO Mayo A. Shattuck III sent the following letter to employees Thursday on the proposed merger between the … 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. The suitable line size is 40 personalities. An acquisition is when one company buys or takes over another and a merger is when two companies agree to combine.. 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: Send it to a friend initially and also ask him to examine it for web content and design. This deal brings together the world’s leading professional cloud with the world’s leading professional network. Mergers are tricky business. If you write a cover letter in a word-processing program, strip away all formatting as well as save the documents as simple text. In fact, HNA Group has assured us that very few Ingram Micro positions will be impacted by this merger. Company Merger Letter To Employees For Your Needs. For Buyers, letting employees know that the company is seeking acquisitions has little downside. Addressee Address City, State Zip. 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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. During a transition there are always more questions than answers, and I appreciate your ability to stay focused and productive in spite of … On a personal note, I love working with all of you. Not everyone needs to learn the news at the same time. 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. From: Mr. Williams. Plus, scroll down to see an example cover letter you could use to craft your own. Example 5: Example Letter of Merger & Change of Ownership. 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. 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. You could also write a termination letter to fire an employee for his/her poor performance. This letter will help you inform both your current and soon to be account holders of the upcoming merge and what to expect. It also provides resources for additional information about the merger. Thoroughly spell-check and also proofread your email letter. Company Name or Letterhead Address City, State Zip. Some people - including me - don't believe in mergers: whenever two companies combine, one is always taking the other one over, in effect. Convey your … This merger will start an exciting next chapter for all Ingram Micro stakeholders, including our vendor and customer partners and you, our associates. 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 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. 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. For this reason, Sellers should tell employees about a potential sale on a strictly need-to-know basis. 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. 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 an employee asks you about a rumor that the company is for sale, neither confirm nor deny the rumor, but never lie. Company Merger Letter To Employees Source: itlever.files.wordpress.com. When you’re selling your company in an M&A transaction. Right here's exactly what else you must you take into consideration when crafting an e-mail cover letter. "The subject line needs to be clear as well as particular to the job you're searching for." 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. Sign the letter and provide your contact details. What and When to Tell Employees about a Merger or Acquisition. As I’ve said in meetings before, this kind of thing doesn’t just happen. Be brief and straightforward and avoid adding irrelevant details. Dear Mr. Peterson, This letter is to confirm the mutual intent of a merger between the Dye and Patkins Loan Company and Vincent Industries. Dear Current Subscriber: The Daily Stratford and Stratford Press have merged to form The Daily Stratford Press. 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. Merger announcements make employees cringe because layoffs usually follow company mergers. Communicating large changes effectively, such as a merger or an acquisition, is important to maintain good relationships with your clients. Dye and Patkins Loan Company . The business letter can be e-mailed or circulated by hand among employees … As soon as your cover letter is polished as well as ready to go, transform your focus to your return to. September message to employees from John Cryan. Seen through an employee's eyes, the company acquisition process can be an upsetting experience. Some employees immediately look for new jobs rather than waiting to find out if they'll keep their jobs after a merger. 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. The very first paragraph is vital, according to Ramsey. Close the letter by warmly inviting the recipient to respond or to take the necessary action. All letters to employees must be addressed with the proper names of the recipients. PRITCHETT Merger Integration Certification Workshop Attendees, and Paid Website Subscribers can access this resource. Make certain your cover letter includes these three things. Company Merger Letter To Employees For Your Needs. This is why appreciation letter to employees are so important! Be sensitive to the time it may take for employees to accept change post merger. Over time, employees can become like family and close friends. 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. Mergers and acquisitions: How to keep employees from leaving. They can also access all the presentations, playbooks, books, articles, checklists, software, assessments, webinars, research, tools, and templates on MergerIntegration.com. Share past memories and allow employees to take part to say goodbye before moving on. 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