One in Nine Employees in Germany on Short-Time Work – But Development Clearly Declining

According to estimates by the ifo Institute, the number of employees on short-time work in Germany is likely to have fallen significantly to 3.7 million in September, compared with an estimated 4.7 million in August. This means that the share of employment subject to social security contributions accounted for by short-time work is likely to have fallen by around half since its peak in May.