April 30, 2020 / 11:38 AM / a month ago

German unemployment would be much worse without short-time work

FILE PHOTO: German Labor Minister Hubertus Heil attends a news conference about the situation at the job market at a time of coronavirus pandemic in Berlin, Germany, March 31, 2020. Markus Schreiber/Pool via REUTERS

BERLIN (Reuters) - Unemployment in Germany would be much worse without the government’s short-time work scheme that is securing millions of jobs, German Labour Minister Hubertus Heil said on Thursday.

Heil, who said he would fight for every job, added that it was unclear how long the scheme’s reserves would last and it might be necessary to organise liquidity aid for the scheme.

Short-time work is a form of state aid that allows employers to switch employees to shorter working hours during an economic downturn to keep them on the payroll.

Reporting by Michelle Martin; Editing by Madeline Chambers

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below