Case Overview: Weymouth Steel Corporation in September‚ 1990 is having a critical time in finding out the ways to communicate the bad and good news to its salaried employees. An erroneous selection of time and communication channel selection may demoralize the workforce completely resulting in a disaster for the company. The good news is that the company management has decided to increase the salary and benefits of almost all the salaried employees regardless of their grades while on the other
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WEYMOUTH STEEL CORPORATION Case Overview: Weymouth Steel Corporation in September‚ 1990 is having a critical time in finding out the ways to communicate the bad and good news to its salaried employees. An erroneous selection of time and communication channel selection may demoralize the workforce completely resulting in a disaster for the company. The good news is that the company management has decided to increase the salary and benefits of almost all the salaried employees regardless of their
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WEYMOUTH STEEL CORPORATION Weymouth Steel Corporation is currently in the sort of dilemma which may turn into a disaster for the company. However‚ given the situation if the top management is able to inspire its employees (who survive this downsizing) with a vision and hope for the rejuvenation of the company; this dilemma can easily become a pivotal time for its success. Once the bad news is broken and the downsizing process starts‚ stress is inevitable; for both the employees who will be terminated
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President October 20‚ 1990 TO: Weymouth Steel Corporation Salaried Employees I am writing to tell you about two important matters. One is extensive improvements in your compensation and benefit programs. The other concerns the need for the company to make sizeable reductions in its overall operating costs in the U.S. The compensation and benefit improvements include substantial base salary increases for eligible General Salary Role employees; more liberal adjustments in the cost-of-living
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Memo2: Weymouth Steel From: Olga Aiupova Dear Mr. Harrison‚ It well known that Weymouth steel corporation needs in immediate measures for reducing costs. So I had to make a plan of actions. And I would like to give some recommendations for the employee’s layoff. As far as I know Corporation did her best to reduce costs‚ for example the initiated following measures: to close down less efficient factories and to terminate using of overtime and the hiring of temporary salaried employees. In
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2012 Carl Weymouth Chairman of the Board Weymouth Steel Corporation 133 Industrial Avenue Gary‚ IN 46403 Dear the entire Weymouth staff‚ I would like to thank for your time to spend on Weymouth Steel Corporation and believe you have good working opportunities when you have been in the corporation. Over the past few years‚ because of economy crisis‚ an estimated 25% fall in business and the anticipated capital spending expenditures of $2 billion a year. In addition‚ Weymouth has more
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AK Steel Holding Corporation AK Steel (NYSE: AKS) has got a perfect start for 2016‚ with its shares gaining more than 83% so far this year. This strong momentum in the share price performance can be attributed to the recent rally in steel prices along with the strong financial and operating performance in the fourth-quarter of 2015. Steel prices shot up to the tune of 8% to 27% across the world in 2016. For instance‚ The United States HRB spot price rose by 10% to the current level of $466 per metric
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Johannsen Steel Company (JSC) initially focused on high-quality‚ high-carbon‚ and high-margin steel wire and ever made big success. In 1946 it was sold to West Virginia Steel (WVS) and then experienced the shocking change of steel industry during 1960s and 70s. Facing the pressure of competitors‚ JSC began to intend to expand sales and cut cost to maintain its profit level. As a result‚ the sales revenues kept increase‚ but the net profit was very low (no more than 2%). JSC now has to make some
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STEEL ASIA MANUFACTURING CORPORATION: Company Case Study STEEL ASIA MANUFACTURING CORPORATION COMPANY DESCRIPTION Steel Asia Manufacturing Corporation (SAMC)‚ a joint venture with TATA Steel from India‚ is located in Bulacan in the Philippines and produces reinforcing steel bars (also referred to as rebar) for use in construction. The plant was commissioned in 1996 and currently has 400 employees. Annual production is 360‚000 tons of steel bars compared to its 400‚000 tons annual designed capacity
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Facts: The parties to the lawsuit are Jones & Laughlin Steel Corporation (the defendants) and the National Labor Relations Board (the plaintiffs). The National Labor Relations Board found the Jones & Laughlin Steel Corporation to violate the principles of National Relations Act of 1935. Thus‚ they decided to charge and order Jones & Laughlin‚ the executives of the Steel CORP‚ to drop all practices within their corporation that violated the principles of the National Labor Relations Act and to follow
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