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Making a news report based on the information given.
Read information below and write story.
Inverted pyramid form, to be specific. Any question pertaining to the assignment just let me know.
Do not jazz it up or try to make it more entertaining.
———
The Centerville Chamber of Commerce is holding its monthly luncheon at the Hotel Luxe. An audience of
about 100, mostly local business men and women, is in attendance. The guest speaker today is Alex
Weddell, CEO of Weddell Widgets, a local, family-owned manufacturing firm and one of the city’s largest
companies. Here is the text of Weddell’s speech:
“Unfortunately, I wish we could all be here together under happier circumstances. As you all know, these
aren’t exactly the best of times for the economy. With the problems on Wall Street, companies, like
individuals, are facing a credit crunch. It’s becoming very difficult to get access to credit to expand or even
maintain our operations.
Health care costs are also an issue. As you know, these costs have risen substantially in recent years.
Many companies, especially small to medium-sized firms like my own, find it increasingly difficult to pay for
the health insurance of our employees.
Fuel prices are another area of concern. With the dramatic rise in oil prices, our costs, for both production
and distribution, have risen dramatically. And with a weakening economy both here and abroad, demand
for American-made products has dropped substantially in the last year.
Speaking of global markets, as you know, there is increasing pressure in many industries to outsource
production to developing countries with much cheaper labor costs. In fact, our main competitor, XYZ
Widgets, last year moved its entire manufacturing operation to China. In doing so they cut production costs
in half. We’ve tried to resist such measures. We believe in employing Americans workers, to create
American products, to boost the American economy.
As I said, we’ve tried to resist such measures, but unfortunately, that is no longer possible. I’m here today
to tell you that Weddell Widgets is facing a third quarter loss of $25 million, our worst quarterly loss ever. As
a result, we’ve decided that early next year, we will relocate our entire manufacturing operation to India. We
will maintain our management and administrative operations here in Centerville. It is with great sadness
that we made this decision. My grandfather started Weddell Widgets in Centerville more than 80 years ago.
This has been our home. We only did this as a last resort.”
Weddell leaves the stage. The audience is silent. As he quickly grabs his coat and exits the hotel ballroom,
you ask him how many employees will lose their jobs as a result of the outsourcing. “About 450,” he says.
How many administrative jobs will be left in Centerville, you ask. “About 30,” he responds, then adds, “I’m
sorry, I can’t answer any more questions now.” He rushes out the door to a waiting limousine.
You call the city editor at the Centerville Gazette newsroom. He says to write a breaking news version of
the story for the paper’s website, then a more in-depth piece for tomorrow’s paper.