Economics
A Fifth of German Workforce Could Have Hours Cut Amid Lockdown
- Companies have already submitted about 470,000 applications
- Aid requests imply fewer hours for about 9 million workers
Walkways and floor space stand deserted outside closed stores at a mall in Berlin on March 26.
Photographer: Jacobia Dahm/BloombergThis article is for subscribers only.
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German companies’ filings for state wage support suggest that about a fifth of the country’s workforce will have its hours reduced.