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The Price of Saving Jobs in Germany
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According to Germany's Federal Labor Agency, about 1.5 millon workers in about 63,000 companies were in the short-work or Kurzarbeit plan. Under this plan companies are able to put workers on shorter work week schedules without seriously impacting wages. Companies pay for the hours put in by employees on shorter work schedules and the government pays upto 67% of remaining wages. For March 2010 693,000 workers were on the Kurzarbeit plan. Another German way of softening the impact of a recession is to allow companies to keep a work-time account. Employees get paid now for a certain number of hours that they agree to work during an upturn in demand. So that for certain machine tool makers employees work 250 hours less during a downturn but still get paid and make up for this during an upturn by working overtime and still taking in regular wages. What this does is to reduce the need for new hiring during an upturn.
Germany's "kurzarbeit" and government-business cooperation to tackle cyclical swings in the economy
07/29/2010
About half a million jobs were saved by one estimate through the German government sharing the costs of labor retention with industry during the last downturn. The program is known as "kurzarbeit" in Germany and is accepted by the German public, workers and business as a better way to handle the cyclical swings in the economy. The lack of a similiar program in the U.S. means a larger loss of jobs in the U.S., which is being painfully felt in 2011-2012. U.S. programs focussed on a stimulus measure and government spending, not on a program of joint cooperation between industry and government such as "kurzarbeit." There is no history of such cooperation in the U.S. and the government is seen more in the sense of intervention than cooperation with industry.
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About 1.5 million employees used the Kurzarbeit short work week schedules according to the German labor agency. In the latest month March 2010, 693,000 workers were on the Kurzarbeit short week schedule.
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