Retirement Letter from Employer due to financial crisis
12/24/2017
Summary: There are some situations, which compel the management to axe some of their employees to overcome the losses. This is such a kind of letter in which the employer issues the retirement letter to his employee by thanking him from his heart for his invaluable services.
To:
Mr/ Ms…………………………………
……………………….. (Designation/Dept)
…………………………… (Address)
………………………… (City)
Dear Mr. / Ms
Sub: Retirement with effect from ………….. (Date)
Ref: Our Policy No …………. Dated……………
With huge sadness, it is to notify to you that we have decided to implement your retirement which will effected from ……………… Our company is going through a bad phase, which has forced us to reduce the number of staffs of the elderly age.
However, I fully acknowledge your services and maintain that you have been among the most dedicated staffs of our organisation. Your 25 years of services have been an asset for us. You have been always loyal and devoted to the company.
We are definitely going to miss a wonderful employee like you who has contributed so much in the development of the company.
I would like to wish you all the happiness in your life on the behalf of our Management and Staff of the organisation.
With all the best wishes and warm regards.
Yours sincerely,
Chairman & Managing Director.
