Guy Ryder, the head of the United Nation's labor agency, told CNBC that Germany's approach to employment during the coronavirus crisis is an example to the rest of the world.
ILO director-general Guy Ryder highlighted how Germany's "Kurzarbeit" program had helped it deal with the global financial crisis and now the coronavirus pandemic.
Guy Ryder, the director-general of the International Labour Organization , told CNBC that countries, like Germany, that were able to maintain employment in the 2008/2009 global financial crisis and "enabled the continuity of processes and of institutions," came out of that downturn much quicker. "Germany came out all that much better and I think these are lessons which I think apply pretty directly to what we're living through now," said Ryder.after enforcing a period of lockdown to contain the spread of the coronavirus like most countries around the world.
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