Business Closure Termination Letter Template

Here we have already covered different sample letters of various topics, now in the below sample letters, we are going to cover some sample letters regarding letters of termination due to business closure.

It’s not sufficient to just add some casual words to express your subject you must have to mention all important points. You can easily do it with the help of our below sample letters because here we have discussed all points in a proper format.

Template: 1

Dear Mr./ Mrs./ Ms. [ Insert the name of whomsoever it is concerned to]

SUB: [ Insert the subject concerned to the letter]

Greetings of the day!

We as a company believe in the spirit of strength and understanding from the employees. From the company’s inception, the employees have been a core strength, and each department comprised to lead the company to its onset. However, in a sudden curve, the COVID pandemic hit us and the economy has been crumbling down.

As heartfelt as it is, with the economic crisis, the board of Directors has taken a very strong decision to dissolve the Department of [Insert the name of the department] completely. Unfortunately for you, effective from [ Insert the date of the dissolution of the department] the tenure will be over and will be laid off.

The economic conditions in the industry have resulted in slow sales. We did have a great run and we sustained the finance till its brink. However, we will not be able to push it forward anymore. You will be receiving one week’s severance pay for each year that you have worked for us.

We must receive from you the following items: office keys, identification badge, and the company-owned laptop. You will need to keep the company informed and updated about your contact information so that we can provide the information you may need in the future.

Please let us know if we can assist you during your transition.

Thank you very much!

Cordial Regards,

[ Insert the Full Name of the Sender]

[ Insert the designation at the organization], [ Insert the name of the organization]

[ insert the necessary contact details]

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