Short-time work prevents mass layoffs during an economic downturn when workers have less to do. When they do go to work, they get paid as usual. For the days they don't work, they get an allowance from the state. This helps the economy tick over.
The World of Economics Explained: Short-Time Work - The German Model
2 min2020G4
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The World of Economics Explained: Short-Time Work - The German Model
2 min2020G4
Short-time work prevents mass layoffs during an economic downturn when workers have less to do. When they do go to work, they get paid as usual. For the days they don't work, they get an allowance from the state. This helps the economy tick over.
Share