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Energy crisis: the number of short

2022-12-02T14:25:52.679Z

Rising energy prices are forcing some companies to cut back on their production. The number of short-time workers has doubled within a month, and in some sectors the increase is even greater.



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Melting furnace in Mühlheim an der Ruhr

Photo: IMAGO/Christoph Hardt / IMAGO/Panama Pictures

The energy crisis has not only halted the decline in short-time work in Germany – it has even triggered a sharp increase.

According to an estimate by the Ifo Institute, the number of short-time workers rose significantly in November, doubling within a month, according to the Munich Economic Institute.

At the end of October, only 76,000 employees were still on short-time work, while at the end of November it was already 187,000.

In particular, energy-intensive sectors and the automotive industry "are increasingly resorting to short-time work again," says Ifo scientist Sebastian Link.

This is the result of weaker production in these areas.

In the auto industry, the number of short-time workers rose from 14,000 to more than 33,000.

The chemical industry, which was particularly badly hit by Russia's gas supply freeze, even reports a tripling of the previous 7,400 to 21,000 short-time workers.

No comparison to the corona crisis

At Germany's car manufacturers, 3.5 percent of all employees were on short-time work, in the chemical industry it was 2.6 percent.

However, the textile, leather and paper sector is proportionally most affected, with 4.2 percent short-time workers.

An increase in the number of short-time workers is considered an indicator of a deterioration in the economic situation.

Currently, however, this increase is still taking place at a relatively low level.

During the economic crisis triggered by the corona lockdowns, the proportion of short-time workers was significantly higher.

In April 2020, around 6 million employees were on short-time work.

At the time, this corresponded to 17.8 percent of all employees subject to social security contributions in Germany.

A year ago, in November 2021, the number of short-time workers was 750,000, significantly higher than at present (you can find the exact figures here).

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Source: spiegel

All business articles on 2022-12-02

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