It must have taken a long time to compose a letter that essentially says one thing.... (my words) "we're going to lay off/fire a whole lot of people to save our skins." "We'll cut, slash or behead anyone or anything that's digging into our very large bank accounts until such time as we need you again, except for the beheaded ones, for when the Ni demand exceeds supply by billions" :)

I love this next part:

(their words with some of mine)"At Vale Inco, we are creating a sustainable and prosperous future for the business (us) that will meet the needs of the current generation of employees (who we will be putting out of work) and the generations to come (if they survive) . Getting there won’t be easy (for former staff)– it will require significant change (you have to give up eating and paying your mortagage)– but breaking with (your backs)the past is sometimes the only way to a more prosperous future (for all remaining senior executives).

The above was an attempt at a little dark humour. Sorry if it offends any groups/individuals.