While other countries were bailing out major companies by purchasing their shares and debt or taking ownership stakes, the German government took a different tack this year, bailing out payrolls instead...Jakob Widner gives details of an Austrian version of the scheme:
The model for this procedure is known as Kurzarbeit, which literally translates as 'short work'. According to the model, employees accept a reduction in working hours of between 10% and 90%. The allowance paid by the employer is a (staggered) flat rate depending on the income level of the employees affected. A supplement of 15% to this flat rate is payable if the employee agrees to attend professional training courses during the period of Kurzarbeit.Here is another report. And another:
In the Czech Republic, and throughout Europe, companies, employees and even governments have absorbed much of the shock of the recession through schemes like short-time working or irregular hours, unpaid leave, training leave or by using production workers in other positions. Just last week, The Prague Post reported on another government proposal to create a four-day work week, with government subsides to help make up some of the lost salaries from that fifth day.