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Food Industry Under Pressure
Above all, lack of capital and high labor costs are plaguing Austrian food producers.
Food Industry Under Pressure / Picture: © Vindobona.org
The 3,780 domestic commercial enterprises have on average only an equity ratio of 15%. Bakers, confectioners and butchers, however, with a ratio of 2%, are in a very weak position indeed.
Moreover, the very small-scale enterprises are frequently in the red. Half of the costs are attributable to personnel. Wage increases as the recent ones are hardly bearable, they…
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