UP

Germany using short-time work schemes

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Germany using short-time work schemes

The share of companies in Germany using short-time work schemes rose in November compared to the previous month, economic institute Ifo said on Monday, as a partial lockdown hit employment in tourism and restaurant industries.

Axar.az reports that Ifo said a survey of around 7,000 companies showed that the share of companies using the scheme rose to 28% in November from 24.8% in October.

Short-time work, also known as Kurzarbeit, allows employers to switch employees to working fewer hours or even none during an economic downturn. It aims to stop immediate shocks from leading into mass unemployment.

Date
2020.11.30 / 11:40
Author
Axar.az
See also

Iran: No direct talks with U.S. during ongoing conflict

Knesset approves death penalty for Palestinians

War’s end depends on Iran’s security and dignity

Iran’s oil revenues nearly double amid Gulf war

Nikitin: No concessions planned on Armenian railways

China affirms support for Cuba amid U.S. blockade

UAE pipeline bypassing Hormuz hit, fire reported

Iran claims drone strikes on Israeli defense sites

Alliance neutralizes Iranian ballistic missile over Turkiye

Iranian and French FMs discuss Hormuz in phone call

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla