Chamber of Labor Calls for a More Equitable Distribution

People ♦ Published: December 28, 2010; 22:42 ♦ (Vindobona)

Corporate profits on one hand and reduced working hours, dismissals and wage cuts on the other, are not compatible for the Chamber of Labor.

Chamber of Labor Calls for a More Equitable Distribution / Picture: © Arbeiterkammer Austria

The Chamber of Labor has created for the first time a corporate monitor in which the balance sheet data for 2009 have been collected. The interest-representing organization criticizes the fact that companies are celebrating "rich capital gains" and "generous dividends”, because this is being done at the expense of the workers: "Many employees were confronted with short-time work,…