The number of German manufacturers switching workers to short-time employment ro...
BERLIN - The number of German manufacturers switching workers to short-time employment rose in September, the Ifo economic institute said on Thursday, signaling that a recession in the sector was having a rising toll on the labor market.
Some 5.5% of manufacturers surveyed by Ifo said they had used the “Kurzarbeit” short-hours facility, a way to avoid mass layoffs, in September, up from 3.8% in June. The slowdown has been mostly felt by export-dependent manufacturers. Uncertainties linked to Britain’s planned departure from the European Union and the trade conflict between the United States and China are affecting exports.
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