In Germany most of the companies are working short-work times - "kurzarbeit" meaning if the company has loss in profits of > -10% on previous month, it can apply for state help where state pays for 60% of empoyee net salary and employer pays the rest.
It affected more than 10milions workers in April which is more than 22% of employed in Germany.
Most companies affected with smaller profits froze all investments, sallary raises, expences and stopped contracts with contractors that are non essential.
If company decides to work shortend work time: 32hours per Week, that means complete Department must respect it and employees have around 20% of sallary cut in first phase, 40-50% in second etc...
State help can be received for max time of 12 Months.
Shortterm: Everything is on hold, fewer companies are employing.
LongTerm: It will be better in about 3-4Months when industries stabilize.
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In Germany most of the companies are working short-work times - "kurzarbeit" meaning if the company has loss in profits of > -10% on previous month, it can apply for state help where state pays for 60% of empoyee net salary and employer pays the rest.
It affected more than 10milions workers in April which is more than 22% of employed in Germany.
Most companies affected with smaller profits froze all investments, sallary raises, expences and stopped contracts with contractors that are non essential.
If company decides to work shortend work time: 32hours per Week, that means complete Department must respect it and employees have around 20% of sallary cut in first phase, 40-50% in second etc...
State help can be received for max time of 12 Months.
Shortterm: Everything is on hold, fewer companies are employing.
LongTerm: It will be better in about 3-4Months when industries stabilize.