Weymouth Steel Corporation

In: Business and Management

Submitted By qchihoang
Words 275
Pages 2
Weymouth Steel Corporation
8100 State College Blvd, Fullerton, CA
Email: wscorporation@gmail.com
Phone: 714-727-3456
Fax: 714-727-3457
FOR IMMEDIATATE RELEASE

Weymouth Steel Corporation, California, March 2nd, 2016
Great news! All eligible active employees of Weymouth Steel Corporation are to have a 2.5% raise in salary, and an increase in vacation hours as well as retirement package. Moreover, there will be additional benefit to medical, dental care and life insurance. This improvement which has recently been approved in Weymouth’s new union contract is a result of constant effort to bring more advantages to its employees.
In recent years, Weymouth has been in a fierce competition with overseas companies and just one step away from taking over the foreign market. New equipment for production and new plan for marketing field are required to reach its goals. Weymouth has done everything it could to cut spending and expenses, including overtime restriction and part-time/seasonal employment. Unfortunately, there is still shortage of budget that forces Weymouth to have an estimated of 1000 full-time employees to be laid off.
Full-time staff that has been with the company for one and more than one year will be eligible for a compensation package. The package includes one-month insurance coverage at a reasonable rates, and termination fee. Moreover, Weymouth Corporation’s HR department will assist former employees to look for a new job.
Weymouth Corporation appreciates your past and continued effort. We could be reached at “714-727-3456” and or email to wscorporation@gmail.com” regarding any questions, concerns, and comments. Thank you for your hard work and cooperation.
Sincerely,
Exclusive Vice President…...

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