UP

Axar.Az Logo carnation

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

Russian attack cuts heating in 6,000 Kyiv high-rises

Pashinyan accepts Trump’s Gaza Peace Council invitation

Turkiye commemorates victims of January 20 tragedy

Trump threatens Macron with 200% wine, champagne tariff

China to increase pressure on Russia over oil prices

Ukraine aims to build anti-drone dome

Healey to visit Denmark amid Trump’s Greenland claims

Macron declines Trump’s Peace Council invitation

Syrian, US presidents hold phone call

Series of explosions reported in Poltava region

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