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Money Ifo Institute: 7.3 million employees affected by short-time work in May

19:16  02 june  2020
19:16  02 june  2020 Source:   welt.de

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m Zuge der Corona-Krise sind in Deutschland nach Berechnungen des Münchener Ifo-Instituts im Mai 7,3 Millionen Beschäftigte in Kurzarbeit gewesen. © Ina FASSBENDER m As a result of the corona crisis, 7.3 million employees were in Germany in May according to calculations by the Munich Ifo Institute. "This number has never been so high," said Ifo labor market expert Sebastian Link.

In the wake of the Corona crisis, 7.3 million employees in Germany were on short-time work in May, according to calculations by the Munich Ifo Institute. "This number has never been so high," said Ifo labor market expert Sebastian Link on Tuesday. "In the financial crisis, short-time working peaked in May 2009 at just under 1.5 million people."

The numbers are based on economic surveys by the Ifo Institute, which asked for the first time the proportion of short-time workers in companies in May. According to the economic researchers, around 10.1 million workers were registered for short-time work with the Federal Employment Agency by the end of April. Of these, 71.6 percent were actually sent on short-time work, the Ifo Institute explained.

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According to the economists' estimates, 2.4 million people were on short-time work in so-called business-related services, for example in the areas of transport and storage or the hospitality industry - that is 24.5 percent of the total of around 9.9 million people. who are employed there subject to social security contributions.

According to the Ifo Institute, 2.2 million people, or 31 percent of all employees, were in short-time work in industry; in retail 1.3 million people or 29.7 percent.

According to the economic researchers, the number of short-time workers in civil engineering was particularly low with 22,000 people - a share of 4.1 percent of all employees subject to social security there. In March and April, the Federal Employment Agency (BA) reported short-time work on the construction site for around 163,000 employees.

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For the other economic sectors, which include, for example, the areas of agriculture and forestry, but also education and teaching, health and social services or art, entertainment and recreation, and which are not covered by the Ifo business survey, economic researchers appreciate short-time working to just under 1.3 million people. This is around 11 percent of the 11.4 million employees in this area who are subject to social security contributions.

In contrast to the financial crisis, when over 80 percent of short-time workers were employed in industry, short-time work was "used across almost all branches of the economy in the corona crisis", the Ifo Institute explained.

BA boss Detlef Scheele had recently expressed the assessment that the cost of the increased short-time work could be more than 30 billion euros at the end of the year. The federal government should then help out, said Scheele. Before the pandemic broke out, the Federal Agency's reserves had grown to EUR 26 billion.

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jm / muk

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After the corona crisis: Short-time workers face additional tax payments .
© Provided by WUNDERWEIB Those receiving short-time benefits could face additional tax payments. In the corona crisis, more and more companies are applying for short-time work. However, a nasty surprise could wait for next year. Never before have so many companies in Germany reported short-time work as this year because the economy is extremely suffering from the corona crisis. According to the Ifo Institute, the number of short-time workers in Germany rose to 7.3 million in May - far more than

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