Business Memo

In: Business and Management

Submitted By bhenryreal
Words 261
Pages 2
| Medical One |
To: | All Employees | From: | (name), VP of Sales and Marketing | Date: | May 15, 2013 | Re: | Reducing Costs and Readjusting Resources | | |
With respects to the reality of the dwindling economy, we’re taking steps to realign Medical One’s costs. I want to tell you about what we’re doing and why.
Effective immediately gasoline reimbursements for salespeople will be reduced to 50 percent of the purchased price. Respectively, salespeople need to submit all receipts and log all actual mileage, which was used while conducting business for the company, including the result of the client visit, to their sales managers. This will be in accordance to the cost reduction plan, which will save money to keep all of our respected employees with Medical One.
The chair has also taken notice that our current benefits package is more than Medical One can currently afford. The chair has decided to trim down the current vacation/sick time from 45 days to 30 days. Also there is no “grandfathering” of this change to current employees. This change will affect all non-managerial staff. With this decision Medical One sees the next 5 years savings of up to $25 million dollars, which will alleviate the need to make further staff cuts.
Currently, this year we have cut staff by 20%. Medical one has no intentions to cut anymore staff. The above mentioned changes will help signify the reduce costs and keep Medical One the most successful company. This is all in part to all of our current staff who keep this company moving…...

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