The corona crisis consumes billions of dollars – also at the Federal Employment Agency (BA). According to information from NewsABC.net, the agency has spent 3.4 billion euros on short-time benefits since mid-March.
Less weekend and public holidays, this means that since March 16, short-time work costs of EUR 68 million per working day have been calculated. The amount of expenditure is to be communicated to the BA Board of Directors today.
Read also: Every third employee in Germany is affected by short-time work: Federal Employment Agency needs fresh money
Over 10 million people are on short-time work in the Corona crisis
At the end of April, the Federal Employment Agency announced that over 10 million people in the Federal Republic receive short-time work benefits.
Federal government internal documents available to NewsABC.net show that, according to the BA, 751,000 advertisements for short-time work were made in March and April alone. With 587,000, significantly more ads were placed in April.
Three sectors are particularly affected by short-time work: According to the Federal Employment Agency, 2.2 million people for whom short-time work was applied for in March and April worked in retail, catering or in the manufacture of motor vehicles.