Evonik Industries mulls change to short-time work

THE WHAT? The Chief Govt Officer of Evonik Industries, Christian Kullmann has informed the press that it might quickly cut back its staff’ working hours, based on a report back to Reuters.

THE DETAILS The corporate might be switching to a short-time work scheme, whereby staff’ hours are decreased and wages backed by revenue help.

THE WHY? The warfare in Ukraine has hit Germany’s economic system onerous, Kullmann informed the WAZ newspaper, per Reuters. “If our clients endure, we endure with them,” he defined. “That’s the reason I can’t rule out short-time work within the foreseeable future.”