Austrian Business Profits Grow Stronger than Salaries

Business › Economy ♦ Published: September 22, 2012; 13:49 ♦ (Vindobona)

The Austrian Chamber of Labor (AK) analyzed 110 companies. In the last ten years, workers lost € 13,000 per head on average, AK says.

Austrian Business Profits Grow Stronger than Salaries / Picture: © Vindobona.org

According to AK, “something goes wrong”. The distribution of the burden caused by the crisis would not be fair. AK analyzed the situation in the Austrian province of Styria. Business profits would increase, but wages and salaries would stagnate, AK criticzed. From 2007 to 2011, profit distributions came at € 4.27bn. Investments made by companies totaled € 4.9bn and personnel…

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AK Austrian Federal Chamber of Labour, Income, Taxation
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