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9,500 Multinational Companies in Austria

Politics ♦ Published: November 23, 2012; 17:20 ♦ (Vindobona)

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Austria´s Minister of Social Affairs Rudolf Hundstorfer stresses the importance of multinational companies.

9,500 Multinational Companies in Austria / Picture: © Wikimedia Commons / Arne Müseler / www.arne-mueseler.de [CC BY-SA 3.0 de (https://creativecommons.org/licenses/by-sa/3.0/de/deed.en)]

At the moment, about 500,000 Austrians are employed by the 9,500 local subsidiaries and headquarters of multinational companies. According to the Austrian Chamber of Commerce, these companies generate about a quarter of the Austrian GDP.

As a rule, multinational companies are good employers, Hundstorfer says. However, these companies tend to be very flexible regarding their…