Corona Shockwave Half a Million German Companies Have Sent Employees into Short-Time Work

The corona crisis has hit the German economy at full force. Already, 470,000 applications have been filed for a German government subsidy that prevents employees from getting laid off, 20 times more than the previous record during the 2009 financial crisis.
Empty bars and restaurants along Berlin's popular Simon Dach Strasse in the Friedrichshain district

Empty bars and restaurants along Berlin's popular Simon Dach Strasse in the Friedrichshain district

Britta Pedersen/ dpa
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