AFP - Blue chips closed lower, weighed down by banks, following news that JP Morgan and the New York Federal Reserve had to step in and bail out Bear Stearns.

Industrial production falls (AP)
AP - Industrial output fell in February by the biggest amount in four months, providing yet another gloomy assessment of the economy's health.
When using an employee discipline form you not only inform the problem individual that their behavior is unacceptable, but you also have a written papers of the issues. One way to do this is to review the warnings you have issued to the jobholder. Option 5: Reassign And Transfer. You should put him into progressive discipline, set reasonable job standards, and give him time to upgrade. Otherwise, you find yourself in the middle of a improper layoff suit. This could result in the overall task not getting done, or it may cause problems for other coworkers who must use the results.

When the time comes to layoff a worker, sample employee termination letters are helpful. This protects you in case the former worker charges you and the small business with illegal actions resulting from lay off. When using disobedience forms, make sure you have convincing evidence the employee committed the bad conduct in question. Often it is difficult to separate a worker over a single incident of gross misconduct. To cut your costs, you must know the termination risk before giving the employee the boot. o Confirm any commitments you made to the fired worker. The purpose of this hearing is to explain to public sector workforce the rationale for reorganization or for the corporation's default. Sample Employee dismissal Notification for Poor Work Quality. The longer a difficult employee makes problems, the worse the workplace becomes. The incident could be a single act like the jobholder violating a safety rule or a result of terrible productivity over a few weeks.