Ifo survey shows German companies are gradually lifting furloughs

BERLIN (GERMANY) – According to a survey by the German economic institute Ifo showed on Thursday, the number of German companies where the workers have been employed on shortened working hours is gradually coming down, especially in the construction, services and retail sectors.

In July, 42% of companies surveyed were still making use of the Kurzarbeit furlough scheme, down from 46% in June and 53% in May.

(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.

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