Austrian Industry Against Short-Time Work

Organizations ♦ Published: January 8, 2013; 23:38 ♦ (Vindobona)

According to IV (Federation of Austrian Industries), short-time work is too expensive.

Due to the economic slowdown, the issue of short-time work is more often in the focus of discussions. For 20% of the Austrian industrial firms, short-time work is an issue again. This is the result of a survey carried out by IV.

In 2009, costs for short-time work totaled € 450m, IV´s secretary general Christoph Neumayer says. Four years ago, 500 companies have introduced short…

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