Suddenly u receive a message like this. What would be your reaction?

Dear ZY,

 

As we are all aware, the economy is posing challenges for everyone.  We need to be financially responsible and proactive.  To that end, I have asked the executive team to review all business goals, objectives and processes in order to find ways to decrease expenses, increase revenue and protect the future well-being of XXX Sdn Bhd and its associated businesses.  In an effort to manage company assets conservatively during this economically challenging time, the executive team has come to a difficult but necessary conclusion.

 

Beginning October 2015 onwards, all employees will receive a 15% cut to their monthly salary. Your current position and duties are remain the same. No doubt this was an extremely tough decision and the company understand the impact this will have on you and your family. However, please know that we considered several other alternatives and the choice we made is the best option at this point of time at which shall have the least impact on our employees overall.

 

The executive team will continue to monitor company finances and re-evaluate this decision each quarter this year.  We believe the outcome from this measure will better position the company for a solid financial future. If the economic situation and company's performance improves in the next following two quarters, your former salary shall be restored.

 

We appreciate all of your hard work and we know we will have your support as we all strive for continued business success.

Nonetheless, please don’t hesitate to speak to me should you have any questions.

 

Note: HR will hand over the revised Letter of Employment within this week. Please sign and return it back to HR for filing purposes.

2.10.2015 - Petaling Jaya