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Austrian Industry Promotes Employment of Older Workers

Published: August 29, 2012; 15:38 · (Vindobona)

The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.

Austrian Industry Promotes Employment of Older Workers / Picture: © IV / Markus Prantl

According to the research institute EcoAustria, the integration of people aged from 55 to 65 in the labor market may cause a decrease in public expenses by € 7.4bn. “If we would reach a comparable increase in employment of older workers like in Germany until 2022, this would bring about € 7.4bn for Austria´s budget.” IV´s President Georg Kapsch explains.

“The example…

This article includes a total of 190 words.

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