Austria Ranks 4th in Labor Productivity.

Politics ♦ Published: March 25, 2013; 14:48 ♦ (Vindobona)

According to a study carried out by Eurostat, Austria is among the Top 5 of the most productive countries in the EU. In the last 20 years, the country was able to increase labor productivity by 36.5 %.

Austria Ranks 4th in Labor Productivity. / Picture: ©

According to the Eurostat study, Austria is among the countries showing the best labor productivity and even surpasses countries like the United Kingdom and Germany. In three of four cases it is due to failures in management and organization if potentials are not fully exhausted. It would therefore be unfair to blame the personnel. President of Austrian Chamber of Labor (AK), Rudi…