
Please try another search
BERLIN (Reuters) - The number of employees put on short-time work schemes in Germany fell to 1.5 million people in June, the lowest level since February 2020, as easing COVID-19 restrictions boosted demand for jobs, the Ifo institute said on Tuesday.
This represented 4.5% of overall employees after 6.8% in May, Ifo said, adding that the estimate was based on a business survey and data from the Federal Labour Office.
In the hospitality sector, the number of people on the schemes fell to 331,000 in June from 520,000 in May, Ifo said, adding that more than 30% of staff in the sector were still on short-time work.
Ifo said supply bottlenecks for raw materials have not yet impacted on the number of short-time workers in the industry.
Short-time work allows employers to switch staff onto shorter working hours during an economic downturn to keep them on the payroll. It aims to prevent shocks such as the coronavirus crisis leading to mass unemployment.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.