Events - Short-Time Work

main_category	cluster_event	Subevent	definition	English example	German example
Corporate Governance	Restructuring	Short-Time Work	An event describing a company introducing a short-time work scheme. Short-time working is a governmental unemployment insurance system in which private sector employees agree to or are forced to accept a reduction in working time and pay, with the state making up for all or part of the lost wages.	Lufthansa (LHAG.DE) has applied for short-time work for around 31,000 crew.	Die skandinavische Fluggesellschaft SAS schlägt eine Reduzierung von Arbeitszeit und Gehältern um 20 Prozent für alle Beschäftigten vor.

Corporate Governance - Restructuring - Short-Time Work