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

India tightens oversight of oil imports from Russia, US

Trump criticizes Clooneys over French citizenship

US to invest more than $500m in Poland’s military

Putin’s New Year address not AI-generated

UAE completes withdrawal of troops from Yemen

Chechnya denies reports of Kadyrov’s hospitalization

Fedorov to become Ukraine’s new defense minister

China's BYD overtakes Tesla as world's top EV seller

‘Fountain candle’ sparklers likely started Swiss bar fire

Earthquake interrupts Mexico's president

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