The rate in the auto industry is almost 18 percent: Significantly more short-time work in Germany

The number of employees in Short-time work in Germany has increased significantly according to the findings of the Ifo Institute. In December it rose to 879,000, as the Munich economic researchers announced. In November the number had stood at 712,000. This increased the proportion of short-time workers from 2.1 percent to 2.6 percent of the workforce.

The hospitality industry recorded an increase from 75,000 to 126,000, according to the institute. In retail the number rose from 23,000 to 53,000. Short-time working is particularly widespread in the automotive industry with 17.6 percent or 166,000 employees. In industry as a whole, the number grew from 381,000 to 390,000 employees (5.6 percent). “This is a consequence of the increasing supply bottlenecks,” said Ifo researcher Sebastian Link.

Before the pandemic, the number of short-time workers was 134,000 in February 2020, jumped to 2.6 million in March and hit a record 6 million in April 2020. (dpa-AFX / gem)

Also read:

German car production has halved since 2017

88 percent of the car companies complain about a lack of material

Daimler works council chairman on supply bottlenecks: “Manufacturers will buy raw materials and components directly from suppliers”

Significant drop in sales in 2021: Overcoming the chip crisis takes time

From the data center:

Chip requirements in the automotive industry

Source link

Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button