short-time working
Sign in to saveAlso known as temporary layoff, short time
'''''' is the German name for a program of state wage subsidies in which private-sector employees agree to or are forced to accept a reduction in working hours and pay, with public subsidies making up for all or part of the lost wages.
In the Vinony graph
Within Vinony's link graph, short-time working is referenced by 23 other articles, and connects out to Germany, Austria and COVID-19 pandemic.
It sits within the topics Social programs, Unemployment and Working time.
Its subject is documented across 7 Wikipedia language editions.
Wikidata facts
- Subclass of
- legal institution
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- on focus list of Wikimedia project
- WikiProject COVID-19
Sources (1)
via Wikidata · CC0
~4 min read
Encyclopedic overview
7 sectionsContents
- Austria
- Czech Republic
- Germany
- Romania
- See also
- References
- External links
''' is the German name for a program of state wage subsidies in which private-sector employees agree to or are forced to accept a reduction in working hours and pay, with public subsidies making up for all or part of the lost wages.
Several Central European countries use such subsidies to limit the impact on the economy as a whole or a particular sector from short-term threats such as a recession, pandemic, or natural disaster. The idea is to temporarily subsidize companies to avoid layoffs or bankruptcies during a temporary external disruption. Most notably, such subsidy programs were used to offset the effects of the COVID-19 pandemic and recession starting in 2020.
Excerpted from Wikipedia’s “short-time working” article, available under the CC BY-SA 4.0 licence.