Unformatted text preview: national corporation with the following response to concerned questions by mostly lower-wage technical and support staff regarding layoffs and office closures: “We are realigning our resources company-wide to be more competitive in the marketplace. Our stock has been declining at an unpromising rate, but we are taking steps to ensure future market viability. Restructuring has begun at several levels. Corporate is aware of your concerns and will continue having these meetings to provide a forum for dialog.” c) After several trips to Mexico and nearly a year of negotiation to set up a joint venture, a U.S. partner faxed the final contract to the Mexican chief executive officer. The final contract included a request that the CEO personally guarantee the loan, a stipulation that had not been discussed previously....
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- Three '11
- Chief Executive Officer, Executive officer, final contract, future market viability, corporate official visits, Mexican chief executive