Question

Skyrocket High Tech Limited (SHTL) is one of the leading companies in the country. SHTL has been providing subsidized food facility to its staff consisting of approximately 1,000 employees. SHTL provides a subsidy equivalent to 50% of the cost of food.

Due to the persistent economic downturn, revenues and profits of SHTL have declined markedly during the preceding four years. On recommendations of the budget committee, the management of SHTL has decided to withdraw the food subsidy with immediate effect.

Answer 1

Answer:

one of the leading

companies in the country. SHTL has been providing subsidized food facility to its staff consisting of approximately 1,000 employees. SHTL provides a subsidy equivalent to 50% of the cost of food.

Due to the persistent economic downturn, revenues and profits of SHTL have declined markedly during the preceding four years. On recommendations of the budget committee, the management of SHTL has decided to withdraw the food subsidy with immediate effect.

Required:

As the head of the Human Resources Department, i want help in writing a memo informing the staff of the withdrawal of the food subsidy. with full block format