UP

Germany using short-time work schemes

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

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

Syria-Turkiye borders to open 24/7

Economist: Kallas exploiting Ukraine for personal gain

Italy urges a fair tariff deal with the US

Khamenei’s representative in the IRGC dies

Hungary rejects EU sanctions on Israel

Iran denies Putin proposed zero enrichment nuclear deal

Macron reacts to Trump's tariff announcement

Iran says it will work with IAEA

UK's oldest man and WWII veteran, Donald Rose, dies at 110

LeMan magazine editor arrested in Turkiye

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