BERLIN - German producers of transport equipment and textiles are making the most use of a short-hours facility aimed at avoiding mass lay-offs as the manufacturing sector lingers in a recession, a survey by economic institute Ifo showed on Tuesday.
It said that 30% of makers of transport equipment other than cars, which include shipyards, train builders and motorcycles, were using the facility, known as “Kurzarbeit”. In the textiles sector, about 25% of companies were doing so. An Ifo survey of some 2,000 companies earlier this month found that 8.5% of manufacturers expect to use short-hours working in the coming three months, the highest level since early 2013. Some 3.8% are already using the facility.
In its tenth year of growth, Europe’s largest economy has been cooling as punitive tariffs imposed by China and the United States on their respective imports hurt German manufacturers exporting to the world’s two largest economies.
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