BERLIN (Reuters) – The share of German companies that have implemented short-time work plans declined to 37% in August from 42% in July, a poll by German economic institute Ifo showed on Monday.
Short-time work, also known as Kurzarbeit, allows employers to switch employees to working fewer hours or even none during a downturn.
(Reporting by Thomas Seythal; editing by Riham Alkousaa)
