Tag #Kurzarbeit

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zeit.de

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Sep 20, 07:17

HanseYachts Sees Potential End to Short-Time Work by Year's End

German yacht builder HanseYachts, currently undergoing restructuring, may end short-time work for its Greifswald employees by the end of the year due to an improving order situation, according to union officials.

HanseYachts Sees Potential End to Short-Time Work by Year's End

German yacht builder HanseYachts, currently undergoing restructuring, may end short-time work for its Greifswald employees by the end of the year due to an improving order situation, according to union officials.

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What recent events have led to the current situation at HanseYachts?

Following a strategic restructuring involving a change in ownership from Aurelius to Andreas Müller, HanseYachts negotiated the reduction of 190 out of approximately 740 jobs in Greifswald in May. Short-time work was implemented due to a difficult order situation, initially until the end of August and subsequently extended.

sueddeutsche.de

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May 27, 16:11

German Machinery Makers Anticipate Short-Time Work Surge

A VDMA survey of approximately 200 machinery manufacturers in Baden-Württemberg reveals that roughly one-third expect a substantial rise in short-time work over the next six months due to low production capacity and market uncertainty; this follows recent job cuts by Trumpf, impacting 430 jobs in Ge...

German Machinery Makers Anticipate Short-Time Work Surge

A VDMA survey of approximately 200 machinery manufacturers in Baden-Württemberg reveals that roughly one-third expect a substantial rise in short-time work over the next six months due to low production capacity and market uncertainty; this follows recent job cuts by Trumpf, impacting 430 jobs in Ge...

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What is the immediate impact of the current economic slowdown on the machinery manufacturing sector in Baden-Württemberg, Germany?

In Baden-Württemberg, Germany, around one-third of surveyed machinery manufacturers anticipate a significant increase in short-time work over the next six months, according to a recent VDMA survey. This follows a recent announcement by Trumpf, a laser specialist, of 1000 job cuts, with 430 in Germany alone. The trend reflects low production capacity and market uncertainty.",

zeit.de

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Apr 30, 16:13

German Unemployment Falls Slightly in April Despite Weak Spring Upturn

Germany's unemployment fell by 36,000 in April to 2.932 million, a slight decrease attributed to a weak spring upturn; however, this is 182,000 more than April 2024, and job openings are also down.

German Unemployment Falls Slightly in April Despite Weak Spring Upturn

Germany's unemployment fell by 36,000 in April to 2.932 million, a slight decrease attributed to a weak spring upturn; however, this is 182,000 more than April 2024, and job openings are also down.

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How do the current trends in short-time work and available job openings contribute to the overall picture of the German labor market's health?

Despite the slight improvement in unemployment, the German labor market shows signs of stagnation. The 36,000 decrease in unemployment in April is less significant than the drops seen in previous years. Concurrently, the number of job openings decreased by 55,000 compared to the previous year. This indicates a slowdown in job market growth despite a continued rise in the number of employees.

politico.eu

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Feb 17, 07:09

German Unemployment Set to Hit 3 Million Amidst Industrial Crisis

Germany's unemployment is surging, projected to hit 3 million by mid-year due to an industrial crisis, job cuts in the automotive sector, and a skills gap, masking the true extent of job losses with increased early retirement and Kurzarbeit schemes.

German Unemployment Set to Hit 3 Million Amidst Industrial Crisis

Germany's unemployment is surging, projected to hit 3 million by mid-year due to an industrial crisis, job cuts in the automotive sector, and a skills gap, masking the true extent of job losses with increased early retirement and Kurzarbeit schemes.

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What is the immediate impact of the industrial crisis and skills gap on German employment, and what is the projected unemployment rate by mid-year?

Germany's unemployment rate, currently at 6.2 percent, is projected to reach 3 million by mid-year, a level unseen in a decade. This surge follows widespread job cuts in the automotive sector and other industries, impacting smaller businesses reliant on manufacturing giants. The Ifo institute's employment barometer reveals that almost all German industrial branches intend to reduce their workforce.", A2="The current crisis stems from a confluence of factors including the loss of cheap energy, intensified competition from China, and structural weaknesses exacerbated by the collapse of the 'traffic light' government. Increased use of early retirement schemes and Kurzarbeit (short-time work) masks the true extent of job losses, with preliminary estimates indicating 293,000 employees receiving Kurzarbeit benefits in November 2024. This situation is further complicated by a widening skills gap and a lack of new vacancies.", A3="The extension of Kurzarbeit, while intended to aid companies, might prolong the life of unsustainable jobs, hindering workforce reallocation to more viable sectors. The rising number of corporate bankruptcies (up 25 percent in 2024) and a monthly loss of 10,000 industrial jobs point to a deeper, more structural economic malaise. The upcoming election and formation of a new government may bring some stability, though experts predict high unemployment for at least the next decade.", Q1="What is the immediate impact of the industrial crisis and skills gap on German employment, and what is the projected unemployment rate by mid-year?", Q2="How do early retirement schemes and Kurzarbeit affect the official unemployment figures, and what are the underlying causes of Germany's economic downturn?", Q3="What are the long-term implications of Germany's current economic challenges, and how might the upcoming election influence the trajectory of unemployment?", ShortDescription="Germany's unemployment is surging, projected to hit 3 million by mid-year due to an industrial crisis, job cuts in the automotive sector, and a skills gap, masking the true extent of job losses with increased early retirement and Kurzarbeit schemes.", ShortTitle="German Unemployment Set to Hit 3 Million Amidst Industrial Crisis"))

taz.de

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Jan 3, 16:09

Germany's Unemployment Rate Rises to 6.0 Percent in 2024

Germany's unemployment rate increased to 6.0 percent in 2024, a 0.3 percentage point rise from 2023, due to economic stagnation; the number of unemployed rose by 178,000, while short-time work increased to around 320,000.

Germany's Unemployment Rate Rises to 6.0 Percent in 2024

Germany's unemployment rate increased to 6.0 percent in 2024, a 0.3 percentage point rise from 2023, due to economic stagnation; the number of unemployed rose by 178,000, while short-time work increased to around 320,000.

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What is the immediate impact of Germany's rising unemployment on the national economy and its social fabric?

Germany's unemployment rate rose to 6.0 percent in 2024, a 0.3 percentage point increase from 2023, with the number of unemployed rising by 178,000 to 2.787 million. The increase is attributed to economic stagnation impacting the job market. Short-time work also increased, rising from 241,000 in 2023 to approximately 320,000 in 2024.

welt.de

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Dec 18, 16:15

Germany Extends Short-Time Work Benefits to 24 Months

The German Cabinet extended short-time work benefits to 24 months until December 31, 2025, to counter rising unemployment (268,000 in September 2024, 76% more than last year), primarily affecting manufacturing sectors like machinery and automotive production, aiming to support businesses and retain ...

Germany Extends Short-Time Work Benefits to 24 Months

The German Cabinet extended short-time work benefits to 24 months until December 31, 2025, to counter rising unemployment (268,000 in September 2024, 76% more than last year), primarily affecting manufacturing sectors like machinery and automotive production, aiming to support businesses and retain ...

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What is the immediate impact of the German government's extension of short-time work benefits on employment and businesses?

The German government extended the eligibility period for short-time work benefits (Kurzarbeitergeld) to up to 24 months to mitigate economic challenges and protect jobs. This measure aims to support both employees and businesses, particularly in the manufacturing sector, which has seen a substantial rise in short-time work recently. The extension applies until December 31, 2025.

sueddeutsche.de

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Sep 20, 10:17

HanseYachts in Greifswald Sees Potential End to Short-Time Work by Year's End

Facing a challenging market, HanseYachts in Greifswald, Germany, which recently underwent an ownership change and delisting from the stock exchange, is experiencing a potential end to short-time work by the end of the year due to an improving order situation.

HanseYachts in Greifswald Sees Potential End to Short-Time Work by Year's End

Facing a challenging market, HanseYachts in Greifswald, Germany, which recently underwent an ownership change and delisting from the stock exchange, is experiencing a potential end to short-time work by the end of the year due to an improving order situation.

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What are the long-term implications of these changes for HanseYachts and its employees in Greifswald?

The successful turnaround, potentially ending short-time work, indicates a positive outlook. However, continued success depends on maintaining the improved order situation and navigating ongoing market challenges. The long-term stability of the workforce remains to be seen.

zeit.de

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May 27, 16:11

Southwest German Mechanical Engineers Anticipate Increased Short-Time Work

Facing low production capacity, around one-third of 200 surveyed mechanical engineering companies in Baden-Württemberg, Germany expect a strong increase in short-time work in the next six months; Trumpf is cutting 1000 jobs, while the sector grapples with declining orders and revenue despite a recen...

Southwest German Mechanical Engineers Anticipate Increased Short-Time Work

Facing low production capacity, around one-third of 200 surveyed mechanical engineering companies in Baden-Württemberg, Germany expect a strong increase in short-time work in the next six months; Trumpf is cutting 1000 jobs, while the sector grapples with declining orders and revenue despite a recen...

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What is the immediate impact of low production capacity on the mechanical engineering sector in Southwest Germany?

Despite a slight upturn, many mechanical engineers in Southwest Germany anticipate increased short-time work. Around one-third of companies surveyed expect a significant increase in short-time work needs in the next six months. This follows job cuts announced by several companies due to low production capacity, such as Trumpf, which is cutting 1000 jobs.

zeit.de

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Feb 28, 13:11

German Unemployment Stagnant Despite Slight Decrease

Germany's unemployment rate held steady at 6.4 percent in February, despite a slight decrease in the number of unemployed; however, seasonally adjusted figures reveal a 5,000 increase, reflecting the economic slowdown and challenging job market conditions.

German Unemployment Stagnant Despite Slight Decrease

Germany's unemployment rate held steady at 6.4 percent in February, despite a slight decrease in the number of unemployed; however, seasonally adjusted figures reveal a 5,000 increase, reflecting the economic slowdown and challenging job market conditions.

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How do rising labor costs and the demographic shift contribute to the challenges faced by German businesses and job seekers?

The slow economic climate is hindering job creation, with 67,000 fewer job openings in February compared to the previous year. This is impacting job seekers, whose chances of finding work are now worse than during the pandemic. High labor costs are a major concern for businesses, impacting their competitiveness and hindering investments.

faz.net

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Jan 3, 19:09

Rising Unemployment in Germany: Job Offers at Record Low

German unemployment rose continuously in 2024, averaging 6 percent, due to layoffs and low job placement rates; job offers are at a record low, while short-time work benefits are increasingly used, reflecting economic uncertainty and a dual labor market with growth concentrated in specific sectors a...

Rising Unemployment in Germany: Job Offers at Record Low

German unemployment rose continuously in 2024, averaging 6 percent, due to layoffs and low job placement rates; job offers are at a record low, while short-time work benefits are increasingly used, reflecting economic uncertainty and a dual labor market with growth concentrated in specific sectors a...

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What are the key factors driving the current rise in German unemployment, and what are the immediate consequences?

Unemployment in Germany is rising, exceeding three million in the seasonal peak. Job offers are at a record low (654,000 in December, 59,000 fewer than last year), reflecting uncertainty in the economic transformation. The increased use of short-time work benefits (up 60,000 in October 2024, totaling 287,000 beneficiaries) further highlights the difficult economic situation.

welt.de

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Dec 20, 04:10

Germany Faces Economic Crisis, Thousands of Jobs at Risk

German Labor Minister Hubertus Heil seeks to prevent the collapse of entire industries and job losses due to the economic crisis, highlighting rising short-time work numbers (268,000 in September, up 76% year-on-year) and contrasting Germany's approach with proactive industrial policies in China and...

Germany Faces Economic Crisis, Thousands of Jobs at Risk

German Labor Minister Hubertus Heil seeks to prevent the collapse of entire industries and job losses due to the economic crisis, highlighting rising short-time work numbers (268,000 in September, up 76% year-on-year) and contrasting Germany's approach with proactive industrial policies in China and...

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What are the immediate economic consequences of the current crisis in Germany, and how is the government responding?

\"Germany is facing a significant economic crisis, with rising unemployment and numerous companies resorting to short-time work, impacting thousands of jobs. The government recently extended short-time work eligibility to 24 months in response to this crisis.\

zeit.de

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Dec 18, 19:11

Germany Extends Short-Time Work Program to 24 Months

Germany extends its short-time work program to 24 months until the end of 2025 to help businesses in struggling industries, such as automotive, machinery, steel and chemicals, to avoid mass layoffs, saving an estimated 2.2 million jobs during the Covid-19 pandemic.

Germany Extends Short-Time Work Program to 24 Months

Germany extends its short-time work program to 24 months until the end of 2025 to help businesses in struggling industries, such as automotive, machinery, steel and chemicals, to avoid mass layoffs, saving an estimated 2.2 million jobs during the Covid-19 pandemic.

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What are the potential long-term economic consequences of this policy decision?

The German government's decision to extend short-time work is a response to a severe industrial crisis affecting multiple sectors. The measure, costing the government but cheaper than unemployment benefits, aims to retain skilled workers during a challenging economic climate. This strategy has proven effective in the past, saving 2.2 million jobs during the pandemic, as shown by the IMK institute.

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