Warning: Undefined array key "extension" in /srv/users/edigitaludgdser/apps/etrendystock/public/wp-content/plugins/accelerated-mobile-pages/includes/vendor/aq_resizer.php on line 149
Short-time working allowances to be extended to economy - eTrendy Stock
Categories: Business

Short-time working allowances to be extended to economy

The Federal Ministry of labour proposes to extend the increase in the short-time working allowance and the payment of social insurance contributions up to March 2022. The portfolio of Minister of labour, Mr Hubertus Heil (SPD) have developed a short time prior to the coalition Committee on Tuesday, a model, reports the “Bild am Sonntag” citing a confidential concept. Finance Minister and SPD Chancellor candidate, Olaf Scholz, called also for a renewal of the action.

At the Meeting of the coalition tips on Tuesday, the Union and SPD want to advise is also expected to extend the maximum duration of short-time working – from twelve to 24 months. In the conversation is to connect to a qualification of employees.

As the “Bild am Sonntag”, citing in this paper, is to be paid to the short-time working allowances due to the Corona-crisis up to March 2022. The increase in the short-time work money should be continued until then. The employers, the social security should be refunded contributions for workers on short to March 2021 in full, to was from April of 2021, only 50 percent of it because the companies were short of workers. In this case, the state should pay the contributions until March 2022, the report says.

Regular the short-time allowance amounts to 60 percent of the failed net earnings, for employed persons with children 67 per cent. The Federal government had decided in the Corona-crisis, however, the short-time working to increase money. From the fourth month onwards it will be increased now to 70, or 77 per cent, from the seventh month to 80, or 87 percent.

After the Opening of shops and pubs, short-time work in Germany fell significantly in July, with 5.6 million people are Affected, but remains at a very high level. Especially from Coronavirus-affected industries such as the airline could still be dependent for a long time on short-time working.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Texas Bitcoin reserve makes first $5M bet on BlackRock’s IBIT ETF

Texas has created a state-run Bitcoin reserve and, according to new reports, opened it with…

23 hours ago

Galaxy Digital in Talks With Polymarket and Kalshi for Liquidity Role

Galaxy Digital is in discussions with prediction market platforms Polymarket and Kalshi about becoming a…

2 days ago

Bitcoin Mining in China Rebounds, Defying 2021 Ban

Bitcoin mining in China has staged a significant resurgence, with the country reclaiming its position…

2 days ago

OxaPay White-Label: Branded Crypto Gateway Live in

Excerpt Launch your own branded crypto gateway in under 24 hours, a fast, fully branded payment…

6 days ago

Tom Lee Flags Crypto Liquidity Crisis Amid Market Maker Woes

The October Liquidation Shock On October 10, 2025, the crypto market faced a record $20…

6 days ago

Hellotrade, Founded By Former Blackrock Crypto Leaders, Announces Fundraise To Unlock Global, Frictionless Access To Global Equities

New York City, United States, 21st November 2025, ZEX PR WIRE, HelloTrade, a new blockchain-powered…

6 days ago