What's New :
GS Mains Advance 2023, Batch Starts: 14th October.
Ethics Master Class (Mains 2023), Batch Starts: 17-Oct-2022

Kurzarbeit Scheme

  • Category
    Modern History
  • Published
    31st Mar, 2020

Amid the all-round disruption caused to the economy by the novel coronavirusoutbreak, a concern across the world is the possibility of loss of jobs.

  • Amid the all-round disruption caused to the economy by the novel coronavirusoutbreak, a concern across the world is the possibility of loss of jobs.
  • Various governments have unveiled various measures to address such concerns, and one of the most talked about is Kurzarbeit, Germany’s existing scheme that provides for partial compensation for a worker’s earnings in such situations, and now modified to account for the current crisis.
  • Kurzarbe it is German for “short-work”. The policy provides for a short-time work allowance, called kurzarbeitgeld, which partially compensates for lost earnings during uncertain economic situations.
  • The policy was rolled out during the 2008 economic crisis while its origins date back as far as the early 20th century, before and after World War I.
X

Verifying, please be patient.

Enquire Now