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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Terms found Action for the restoration of ownership Amended dismissal Annuity Appeal against a decision Asset Assignment of Claims (Cession) Austrian Public Employment Service (AMS) Banking secrecy Bankruptcy proceedings BaSAG Book value / carrying amount Branch Brokerage Agreement Building Law Business Business entity Call for Tenders Capitalisation Casual Employment Certification Change in Operations Collective Bargaining Agreement Company Agreement Company Pension Comparison of business assets Compensation Compliance Compulsory enforcement Consumer Protection Act Corporate Reorganisation Act (URG) Corporation Covenants Debt restructuring Debtor Declaration of consent Decree Deferral Discount Dividend Double taxation Double-entry bookkeeping Easement Employee Stock Ownership Equity Equity loan Factoring Fees Act Financial plan Foreclosure sale Foreign-currency loan General partnership General Protection Against Dismissal Global assignment GmbH Group taxation Guarantee Guarantee credit Hidden reserves Hire Purchase Insolvency Insolvency Act Insolvency administrator Insolvency estate Insolvency register Inspection of the Land Register Inventory Land Register Letter of comfort Lien Limited partnership Liquidation Loan Loss Carryforward Maternity leave Merger Natural person Nominal value Option Outsourcing Part-time work Partnership Personal insolvency Pledge principle Preliminary decision on an appeal Progression Prohibition of alienation and encumbrance Prohibition on the repayment of deposits Property income tax Provision Proxy Public Limited Company Reallast Repayment Restriction on Transfer Restructuring proceedings Retention of title Revision Right of first refusal Right of retention Rights in rem Self-consumption Severance Pay Severance Pay new Severance Pay old Shareholder loans Short-time work Silent partnership Skimming procedure Social Plan Sole Proprietorship Standard value Stock Subscription right Superstruction Supervisory Board Tenancy agreement Works Council

Short-time work

What is short-time work?

Short-time work refers to a measure designed to reduce working hours and pay within a company for a limited period, in response to a (short-term) economic disruption. The purpose of this agreement is to prevent the termination of employment contracts which would otherwise be necessary due to a temporary shortfall in orders or other circumstances.

Will my pay be reduced because of short-time work?

Short-time work without a reduction in pay can be regulated solely by a works agreement (amending the circumstances and the extent of working hours). However, in many cases, short-time work without a reduction in pay does not make economic sense. Cost reductions can usually only be achieved through an additional reduction in pay. However, this reduction in pay cannot be implemented via a works agreement, as pay cuts are, in principle, only possible under individual contracts or through a collective agreement. The usual term ‘short-time work’ refers to a combination of reduced working hours and reduced pay, whereby the loss of pay for the employees concerned is intended to be cushioned by short-time work allowances granted by the Public Employment Service (AMS). For each hour not worked, employees receive what is known as short-time work support from their employer. For this, the AMS in turn grants employers a subsidy in the form of short-time work allowances.

Under what conditions am I eligible for financial assistance?

The granting of the aid is subject to various conditions. For example, during the period of short-time work or for a certain period afterwards, the level of employment that existed at the time the application for short-time work was submitted must not be reduced. Even after the short-time working scheme has ended, there is a retention obligation for the employees concerned for a certain period. Short-time working therefore serves less as a restructuring tool and more as a means of bridging short-term economic disruptions.

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