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Austrian Labor Market Relatively Stable during Crisis

Published: June 24, 2011; 14:45 · (Vindobona)

A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.

Austrian Labor Market Relatively Stable during Crisis / Picture: © Flickr

The political measures taken in 2008/09 as well as Austrian companies’ reaction to the crisis have been relatively successful in stabilizing the labor market. This is the result of a study published by the Austrian Institute of Economic Research (Wifo). Austria was ranked fourth among 29 industrialized countries. Poland, Germany, Switzerland and the Netherlands were also found in the…

This article includes a total of 269 words.

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