AP - Borrowing by consumers slipped in July to the weakest pace in seven months, reflecting a big slowdown in demand for car loans. Continue

AP - The European Central Bank and Bank of England will likely leave interest rates unchanged on Thursday as they face mounting inflation and slowing growth. Continue
As you might imagine, you must fire MANY workers when you're a turnaround consultant. If you follow a proper process, you'll not surprise the employee with any of this. Likely, the individuals laid off were friends with some of the remaining employees. Knowing your rights as an employer will aid you to go through the firing according to all the rules, and safely wash your hands of someone without worrying about him claiming unlawful dismissal in the future. As you hunt for a sample lay off memorandum for disposition, make sure the letters you choose as your base makes clear to the employee that this letter should not be a surprise. Saying or writing the wrong thing can easily lead to a bias litigation or a improper separation law suit. Step 1 in How to separate Someone: Document Everything.

Estimate your risk of a law suit with each individual on the "hit list.". And gossip in the workplace can do much harm to your personnel' esprit de corps, their productivity and even your business's reputation. Also, select wording that will not cause personnel to become problem. An example, of course is the guideline "horseplay" where workers carry out inappropriate physical antics. Separated workers will often inform you "secrets" about your work environment that a resigning employee never gives. Memorandum #3: "Low Risk" Layoff Letter - Layoff Because of Business Needs. Employers must stay abreast of all laws and regulations that apply to her or his business to avoid far greater problems in the future. If necessary, the dismissal notification may need to make clear retirement accounts or life insurance policies or specify who can help with transferring these benefits.