This is a core result of a survey of some 1,300 firms in Germany in winter 2020. More particularly, firms that were positively affected by the corona crisis are optimistic. Also, large firms expect stronger growth of labor demand than small firms. To adjust the labor volume, firms use a wide variety of instruments. Most important is the hiring of new workers with open-ended contracts. The adjustment by variation of individual working time is less important. Firms use more flexible forms of employment like fixed-term contracts or temporary agency work typically as complements, not as a substitution for open-ended-contract work.
As expected, firms react to the sudden drop in their demand for labour with a chain of different policies. The statistics show a severe decrease in hirings.
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