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MIL OSI Translation. Region: Germany / Germany –

Source: Federal Ministry for labour and Social just before the day of the work shows that the Corona-crisis on the labour market is reflected. Unemployment has increased from March to April to 308.000 persons on 2.644.000. This represents an increase of 13 percent. The unemployment rate in April 2020 at 5.8 percent.This significant increase is largely a result of the Corona-crisis and relates to almost all industries, in Particular, the gastronomy, the Hotel and hospitality industry, tour operators as well as the service industry, and automotive suppliers. The increase in unemployment is also due to the fact that currently, less labour market policy measures can be implemented. However, one thing is clear: The massive use of short-time work prevented a massive increase in unemployment!The Federal Minister for labour and social Affairs, Hubertus Heil:

Short-time work in Germany, millions of jobs. In the United States, by contrast, have lost in the past five weeks, more than 26 million people their jobs. The development shows that we are not able to ensure, also in our country for every job, but we will fight for every Job. Short-time work is expensive, but unemployment is many times more expensive. The Federal Agency for work is to start with approximately 26 billion euros reserves in the year. In the course of the year will show whether the return of rich layers or Liquidity support of the Federal government to be necessary. Not all of which are now in short-time working, will be the throughout the course of the year. But it will give companies and Employees will no longer be on short-time working dependent. Therefore, it is right that we raise the short-time work and Employees are protected from disproportionate wage losses. This ensures purchasing power and demand.

Since the beginning of March until the 26. April 2020 have been submitted to the Federal Agency for work 751.000 View of enterprises on short-time work for 10.1 million Workers. The actual extent of short-time working is only after processing of the applications for the reimbursement of short-time working allowance to be known.

MIL OSI

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure need be perfect.

MIL Translation OSI