Sample HR Letter - Salary Reduction
<Ref. No.>
<Date>
<Name>
<Designation>
<Title>
Salary Reduction
As you are aware, the recent economy downturn has adversely affected the Company. In order to enhance the cash flow position, avoid further losses and possibility of retrenchment, the Management has decided that a salary reduction is absolutely necessary at this time.
Therefore, we regret to inform you that your monthly basic salary will be reduced by <number>% effective <date>.
Meanwhile, the Management will continue to monitor the situation. Your salary will be restored if the economy situation and Company’s performance improves.
Your understanding, support and co-operation to help the Company to go through the current economy situation will be appreciated.
Yours sincerely
<Signatory>
<Designation>
<Department>
***********************************************
ACCEPTANCE
I <name> <IC No.> do hereby acknowledge and accept the contents of this letter.
<Signatory>
<Date>
