UK markets closed
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • FTSE 250

    18,109.57
    +215.15 (+1.20%)
     
  • AIM

    980.45
    +11.44 (+1.18%)
     
  • GBP/EUR

    1.0988
    -0.0074 (-0.67%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.32%)
     
  • BTC-GBP

    10,037.88
    +150.32 (+1.52%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • DOW

    28,335.57
    -28.09 (-0.10%)
     
  • CRUDE OIL

    39.78
    -0.86 (-2.12%)
     
  • GOLD FUTURES

    1,903.40
    -1.20 (-0.06%)
     
  • NIKKEI 225

    23,516.59
    +42.32 (+0.18%)
     
  • HANG SENG

    24,918.78
    +132.65 (+0.54%)
     
  • DAX

    12,645.75
    +102.69 (+0.82%)
     
  • CAC 40

    4,909.64
    +58.26 (+1.20%)
     

Short-time work hits German wages in second quarter

·1-min read
FILE PHOTO: Frankfurt's airport during COVID-19
FILE PHOTO: Frankfurt's airport during COVID-19

BERLIN (Reuters) - Gross monthly earnings for full- and part-time workers in Germany fell 2.2% on average in the second quarter from a year ago, due mainly to the wide use of short-time work during the coronavirus crisis, the Federal Statistics Office said on Tuesday.

The hardest-hit sectors were hotels and hospitality, the auto sector and tour operators, it said.

"The broad use of short-time working due to the coronavirus pandemic had a negative impact on the level and development of gross monthly earnings and working hours," the Office said in a statement.

It added, however, that the short-time work programme, under which employees temporarily work shorter hours but keep their jobs while the state makes up the shortfall, cushioned the loss of income for employees to a large extent.

The Ifo institute said last week that the number of people in Germany on short-time work had fallen to 5.6 million.

Hourly earnings before tax were not hit by short-time work, rising 2.6% on average in the second quarter from the same period last year, said the Office.

(Reporting by Madeline Chambers; Editing by Catherine Evans)