{"id":126842,"date":"2019-07-09T22:50:48","date_gmt":"2019-07-09T22:50:48","guid":{"rendered":"https:\/\/www.bnreport.com\/german-factories-set-to-cut-workers-hours-to-cope-with-downturn\/"},"modified":"2019-07-09T22:50:48","modified_gmt":"2019-07-09T22:50:48","slug":"german-factories-set-to-cut-workers-hours-to-cope-with-downturn","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/german-factories-set-to-cut-workers-hours-to-cope-with-downturn\/","title":{"rendered":"German factories set to cut workers hours to cope with downturn"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.cityam.com\/wp-content\/uploads\/2019\/07\/GettyImages-95643551.jpg\" \/><\/p>\n<p>The number of German factories shortening their employees working hours to cope with the countrys economic slowdown is expected to rise significantly over the next three months, the Ifo Institute think tank has said.<\/p>\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/www.cityam.com\/german-malaise-continues-as-factory-orders-tumble\/\" rel=\"noreferrer noopener\" target=\"_blank\">German malaise continues as factory orders tumble<\/a><\/p>\n<p>Almost four per cent of Germanys manufacturing sector has in recent months introduced \u201cshort-time work\u201d \u2013 cutting employees hours to avoid laying them off \u2013 which was credited with maintaining employment levels during the financial crisis.<\/p>\n<p>With the German economy slowing amid a tough global backdrop, weaker demand from China, and new car emissions tests, the proportion of companies on short-time work is expected to increase to 8.5 percent over the next three months, Ifo said.<\/p>\n<p>Over a third of textile manufacturers are expected to introduce short-time work, for example. A fifth of metal production and processing factories are predicted to cut workers hours.<\/p>\n<p>\u201cIndustries that are important for Germany, s<a href=\"https:\/\/www.cityam.com\/german-factories-set-to-cut-workers-hours-to-cope-with-downturn\/\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/loopup.com\/app\/uploads\/2016\/08\/cityam-logo.jpeg\" \/><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of German factories shortening their employees working hours to cope with the countrys ec..<\/p>\n","protected":false},"author":1,"featured_media":126843,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-126842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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