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AP - The majority of The Officers Club's menswear stores were sold on Wednesday, a day after the company went into administration. The deal will save more than 1,000 jobs, but adds yet another name to the growing list of British retailers that have failed to survive the financial downturn. More

AP - The troubled Belgian-Dutch bank Fortis, whose suspended takeover by BNP Paribas brought down the Belgian government, said Wednesday the aborted deal also cost it euro295 million in currency transactions. More
ADDITIONAL INFO As a supervisor, you must eventually make it clear to the worker that their work should take priority during firm hours. Downsizing is reducing the small business's workers. It seems unfair a "bad apple" should walk away with a significant amount of cash and benefits. As you know, you have received 3 warnings for lackluster performance. It is important for the boss to remain professional. If you have to layoff an employee, make sure that you follow your own policies. Don't e-mail (or fax her) the layoff documents until you have told her she's fired.

Beyond the lay off of a salaried monthly worker, there are other points to ponder. It can spread quickly from one worker to dozens. As unpleasant as the idea of employee dismissal might seem, owners and Personnel Managers can approach it in a well thought out way to minimize the negative feelings associated with "letting people go.". For many people, even the thought of terminating workforce is undesirable. Every time the employee does something that warrants disciplinary action, you must tell them not only what they've done wrong but also what the consequences are for not correcting the behavior. As a smart proprietor or Personnel Supervisor, you must realize the importance of ending misbehavior as quickly as possible. Due to a small rise in interest rates the small business tanks. Also, if some outside reason causes the jobholder to resign, the unemployment commission would consider this an involuntary separation. Keep the memorandum factual and to the point.