Dear Sir or Madam

I am concerned with the wording from a letter from our Committee (the last paragraph!) that is supposed to explain possible redundancy to all staff if it cannot attain further funding.

The company has surplus money, though decreasing. I believe I have had at least 3 similar letters in the past and am still working here after 5 years.

Q1 Can you word this last paragraph better?

At the time of writing COMPANY does not have any firm commitment of funding from external sources for the coming year. You can rest assured that we will be doing all we can to remedy this to ensure that COMPANY survives and prospers. In the meantime, I regret to inform you that we cannot continue with your employment after the DATE.

Q2 Taking the above further. For any staff that have been employed more than 1 year will they lose continuous employment if then issued with new contracts to a company that has now become Ltd? Many thanks