650,000 businesses demand compensation from German state

650,000 businesses demand compensation from German state

Some 650,000 German businesses have demanded partial compensation by April 6th due to job cuts, the Labour Agency reports today. The number of applications increased by 40 percent in a week, since on March 27, there were 470,000, and it is not possible to conclude now that [...]

The number of requests increased by 40 percent in a week, as there were 470,000 on March 27th, and it is not possible to conclude now how many workers have been covered after employers have not yet announced their final lists, but the German government expects over two million people in part unemployed.

The demands, as announced today, come from all branches of the economy, especially in the field of trade and gastronomy.

Sales have been closed in Germany, in addition to those selling basic food items, restaurants and cafes, and many events have been cancelled to prevent the spread of the coronary.

Germany's partial unemployment system predicts the state will pay between 60 and 67 percent of net profits.

The country has used it well during the international financial crisis, helping to avoid a wave of holidays.

Of the large German companies, Volkswagen has 80,000 people on its lists, and Lufthansa has 62,000 people in Germany.

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