Linens 'n Things may be headed for bankruptcy: report (Reuters) (Severance Packages)

Reuters - Leon Black's buyout firm Apollo Management is mulling the idea of a "prepackaged" bankruptcy plan for ailing home furnishings retailer Linens 'n Things, the New York Post reported online on Tuesday, citing sources.

Market opens lower on Washington Mutual (Reuters)

Reuters - Stocks opened lower on Tuesday after savings and loan company Washington Mutual Inc said it expects a first-quarter net loss of more than $1 billion and said it is cutting its dividend, dimming optimism that the worst of the credit crisis is over.

Then the only thing left to decide is when the dismissal will occur. sample letter of disobedience. Please see at Tool #3 "Fill-In-the Blank Notices" in the jobholder Dismissal Toolkit (attached to the end of this book). Or better yet, take some time (90 days or so) and use escalating discipline to document his performance problems, and turn this into a cheaper medium-risk termination. Likely nothing right now would taste sweeter than transferring the insubordinate worker to a location halfway around the world. Through your questioning, there's a good chance the terminated employee will say something you can use against her in a unlawful dismissal suit.

These negotiations commonly occur within a few weeks of the layoff. Step 7: Draft The Separation contract And Release. This information should be as specific as possible and include dates about any prior oral and written warnings. This is an incident of misbehavior or terrible performance similar to other recent events. This proves you're not out to "get" the employee. This means recording the disobedient action and discussing the problem with the jobholder. o For minor misconduct or terrible productivity, was the jobholder given a reasonable amount of time and number of chances to improve? The dismissal supervisor looks to the Personnel professional for help with the lay off. o The employee will likely sue even when you have plenty of documentation, OR. Terminating personnel is an unpleasant, but necessary task for managers.