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First I would have started by giving notice to employees that due to the fall in sales there is a possibility of the plant closing in the near future. I would organize and issue a tentative itinerary of possible rounds of layoffs. I would set the layoffs in order of seniority. In some small way let the employees see you are being as loyal as possible in this situation and that you are acknowledging the time they have put into the company. Also, it would be important to keep the most experienced workers for as long as possible. I would want to give an advance notice on the type of financial benefit as well as medical benefit they should look forward to receiving...
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