Suche
Mein Konto
Record sickness absence plunges Germany into recession - pharmaceutical study shows direct connection & economic damage
According to a report from www.n-tv.de, the pharmaceutical industry study shows that record high sickness rates in Germany have led to a recession in 2023. On average, each worker was absent from work for 20 days, resulting in significant production losses. The study says that without the above-average sick days, the German economy would have grown by almost 0.5 percent instead of shrinking by 0.3 percent. In addition, sick leave led to losses of five billion euros for health insurance and to reduced tax revenues of 15 billion euros. The effects of the record high level of sickness can be seen above all in the widespread production losses in sectors such as vehicle construction, mechanical engineering, metal, ...
Record sickness absence plunges Germany into recession - pharmaceutical study shows direct connection & economic damage
According to a report by www.n-tv.de,
The pharmaceutical industry study shows that record high levels of sickness in Germany have led to a recession in 2023. On average, each worker was absent from work for 20 days, resulting in significant production losses. The study says that without the above-average sick days, the German economy would have grown by almost 0.5 percent instead of shrinking by 0.3 percent. In addition, sick leave led to losses of five billion euros for health insurance and to reduced tax revenues of 15 billion euros.
The effects of the record high level of sickness can be seen above all in the widespread production losses in sectors such as vehicle construction, mechanical engineering, metal, electrical, pharmaceutical and chemical industries. In metal production alone, sick leave was 6.8 percent, which led to significant losses.
It is worrying that in addition to physical illnesses such as colds, bronchitis and flu, there has also been an increase in mental illnesses, which also contributes to increased sickness rates. This development is alarming, especially for employers.
As a financial professional, it is important to analyze the impact of record levels of sick leave on the economy. The significant production losses and financial losses running into billions make it clear that sick leave has a significant impact on the market and the financial industry. This information can help take steps to improve worker health and minimize the economic impact of sick leave.
Read the source article at www.n-tv.de