Trudeau’s Finance Minister Praises Germany’s Short-Work Program
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Finance Minister Chrystia Freeland said she is interested in a widely praised German work-sharing program as a second wave of Covid-19 threatens the Canadian economy.
Under the state-funded plan, employee hours are reduced for as long as a year to help employers weather financial hardship. The government then supplements income lost due to cuts with a 60% income replacement benefit. Germany used the program, known as Kurzarbeit, during the 2008 recession to keep citizens employed.