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Number of German companies with short-time work declines in August: Ifo

BERLIN (Reuters) - The share of German companies that have implemented short-time work plans declined to 37% in August from 42% in July, a poll by German economic institute Ifo showed on Monday.

Short-time work, also known as Kurzarbeit, allows employers to switch employees to working fewer hours or even none during a downturn.

Reporting by Thomas Seythal; editing by Riham Alkousaa

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