Deutsche Bank reports euro4.8 billion 4Q (Terminate Employees) loss (AP)

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AP - Deutsche Bank AG, Germany's biggest bank, said Wednesday it lost an estimated euro4.8 billion ($6.4 billion) in last year's fourth quarter as the global downturn weighed heavily on its bottom line.

European Central Bank poised to cut rates again (AP)
AP - The European Central Bank is widely expected to cut interest rates again on Thursday, amid increasingly grim economic data and a sharper than expected drop in inflation, although the size of the reduction remains unclear.
ADDITIONAL INFO To develop your standards for employee dismissal, work with your legal department. o Is it probably the employee will take legal action against you and the business? On the day you layoff the employee, you must be well prepared. More likely, you want to lay off her because her performance is below average or because the company can no longer afford the higher wages and benefits associated with her seniority. o Low risk: 5% chance of litigation or threat of one and you losing. Reasons for firing a jobholder are as varied as their faces. Small company managers and owners should be careful when dismissing and laying off personnel, because their business's survival is at stake. The employee continuously frustrates you. Generally it is best to make it within a week of dimissing workforce. To get the voluntary separation package, you must release ABC Company from any employment claims you may have against us. This makes the use of such papers fair and nonjudgmental.

When you're working with the legal counsellor, it helps if you have a clear idea of what you want to include in the discontinuance package. Tips For Dealing With Difficult employees. This means the jobholder, in this case the dismissal manager, should be able to take the basic notice template and apply it to her or his wants. This is a foolproof way to keep yourself out of court even when you may be separating the jobholder for an unlawful reason.