German firms eyeing shorter working days, job cuts

NAMPA / DPA

2024-11-28

Munich (dpa) - The outlook for the German job market is worsening, as the monthly employment barometer compiled by the Munich-based ifo Institute fell on Thursday to its lowest point since the height of the pandemic in mid-2020. The month-on-month decline was relatively small with a 0.2-point drop to 93.4, but it marked the sixth consecutive decrease. "More and more companies are stopping new hires," said Klaus Wohlrabe, the head of surveys at if......

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