OPERA: Operations Long Term Review

As you know we face massive challenges as we enter this second decade of the century.  Commercial pressures are enormous, the regulatory environment more demanding and our competitors more aggressive.  With this in mind your management team commissioned a review of our entire operations in 2009 to ensure that the organization if fit for the survival pressures of the next decade.  Following this exhaustive review we plan to implement a series of changes that will streamline the organization for the future.  Managers will be reviewing with you these important changes over the next few days.  However, effective immediately, there will be major changes to our operations in Singapore.  A 100 year leasehold has been granted to a major developer in Singapore for our former site in Singapore.  This will release capital to the business to fund further research and development ensuring that we remain ahead of research-led businesses worldwide.  I have been asked if this means that the site in Singapore will be sold.  I can state quite categorically that the site in Singapore will remain intact.  Staff based at the Singapore site will be re-deployed, where possible, and the site use will change from R&D to residential, at least for the next 100 years.  However, the company retains a buy-back option allowing us to return the leasehold site to its current use, subject to compensation charges to the developer, once the lease expires in 2110.  The majority of staff at the Singapore site have been offered alternative employment at our new facility in Murmansk.  I am sure that everyone recognizes the need for these changes to create the lean, mean development machine of our future and I ask you to give staff choosing to relocate a warm welcome.

Quote of the Day:
It's not how much you have that makes people look up to you, it's who you are.
--Elvis Presley, celebrity singer