Notice of Bonus Cancellation

About this template:

Sharing difficult news with employees is not easy. This notice to employees of a cancellation of their bonus can help. These other HR related letter templates may be helpful to you and your business. https://www.templateguru.co.za/documents/letters-memos/ And these other Human Resources templates here https://www.templateguru.co.za/templates/human-resources/

Excerpt:

This has been a very difficult year for [COMPANY] and as you are all aware we have had some very difficult financial decision to make. We were faced with making a choice between retrenching some employees or to explore other possible avenues of cost reduction allowing everyone to keep their jobs. We obviously chose the latter of the two but unfortunately we had to make some cuts in other areas of the business and one of them was the Year End Bonuses.

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