Reuters - The financial market crisis could cause losses of up to $600 billion at banks and other financial institutions worldwide, a German magazine reported on Saturday, citing an internal report by German financial watchdog BaFin.

US economy 'perhaps entering recession': EU economics chief (AFP)

AFP - The US economy is slowing and may be entering a recession, the European Commission's top economics official said Monday at an OECD conference here.

o How to make your dismissals as easy as possible on you and the jobholder. o You're terminating for an improper reason. Such workers leave the employer or owner only two choices-rehabilitate or extricate. Of course she was frustrated at having to perform double the work, but could she terminate her employee for this disaster? When sacking for a business reason and competitive pressure, you must thoroughly document the economic trends and strategic changes which drive your layoff. Step 2: Get The Difficult worker's Side Of The Story. Other post-lay off methods will include providing workforce with severance packages, completing benefits packages and completing an early retirement package. When you document the conversation, mention that you and the worker discussed the disability. The Fifth Early Warning Sign of Worker Insubordination: Apathy. There are 2 parts to this section: Supervisors' Directives as well as Training and Coaching. Take only those steps which best benefit both the worker's job satisfaction and the company' welfare. Remember if this goes to court as an unfair layoff case, some people may interpret strong language as proof of a personal vendetta, or a simple personality clash between you.

Most states have a right-to-work law that states employers can fire personnel employment based on poor quality, poor quantity, lack of attendance or almost any other issue. Lay off executive level workers can be a tiresome task. This means giving workers an opportunity to redeem themselves after you have taken remedial action against them. Terminating Workers in a Fair Manner.