2 Minutes by Reuters Staff Read (Reuters) – BERLIN, July 6 (Reuters) – According to the Ifo institute, the number of employees on short-term employment schemes in Germany fell to 1.5 million in June, the lowest level since February 2020, as COVID-19 limitations were eased, boosting job demand. Ifo said the estimate was based on a business survey and statistics from the Federal Labour Office, and that it represented 4.5 percent of total employees, down from 6.8 percent in May. According to Ifo, the number of individuals on the schemes in the hospitality sector declined to 331,000 in June from 520,000 in May, and more than 30% of workers in the sector were still on short-term contracts. According to Ifo, raw material supply bottlenecks have had little effect on the number of short-term workers in the business. Short-time work allows firms to keep employees on the payroll during a slump by reducing their working hours. Its goal is to keep shocks like the coronavirus outbreak from causing mass unemployment. (Riham Alkousaa contributed to this report.) Caroline Copley edited the piece.)/n
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