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In a nod to Germany's Kurzarbeit scheme, one would use the unemployment insurance system to support shortened work hours.
ECONOMIST: The jobs summit
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Kurzarbeit schemes may also deprive rival companies of a chance to put workers to better use elsewhere in the economy.
ECONOMIST: The crunch may entrench unemployment
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In Germany, however, the customary practice is to retain employees while reducing their hours and their wages a system known as Kurzarbeit.
NEWYORKER: Replay
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If an employee agrees to shorter hours (Kurzarbeit), the government subsidises his wages to offset 60% of the loss of income.
ECONOMIST: The crunch may entrench unemployment
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The number taking advantage of the Kurzarbeit scheme has soared since last autumn, from under 80, 000 to over 1.4m in June.
ECONOMIST: The crunch may entrench unemployment
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Nonetheless, in this crisis, argues Mr Scarpetta, Kurzarbeit may have spared some illiquid but solvent companies from laying off workers simply to preserve cash.
ECONOMIST: The crunch may entrench unemployment
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Part-time work became increasingly common: Germany's Kurzarbeit programme, in which firms reacted to recession by cutting hours rather than employees, is just the latest example of this approach.
ECONOMIST: Building competitiveness
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Unemployment has been kept artificially low, with 1.4 million workers put on "Kurzarbeit" - where they work shorter hours while the government makes up some of the lost salary.
BBC: Can Germany reform its economy?
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Much of the credit for Germany's jobs miracle goes to Kurzarbeit, a scheme under which government hands out subsidies to firms that retain surplus workers, but there is more to it.
ECONOMIST: How Germany weathered the recession
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Kurzarbeit now has a long list of imitators.
ECONOMIST: The crunch may entrench unemployment