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Number of German companies with short-time work declines in August: Ifo

BERLIN (Reuters) – The share of German companies that have implemented short-time work plans declined to 37% in August from…

By financial2020myday , in Commodities , at August 31, 2020

BERLIN (Reuters) – The share of German companies that have implemented short-time work plans declined to 37% in August from 42% in July, a poll by German economic institute Ifo showed on Monday.

Short-time work, also known as Kurzarbeit, allows employers to switch employees to working fewer hours or even none during a downturn.

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