Industrial Location Austria Losing Attractiveness

People ♦ Published: April 16, 2014; 15:58 ♦ (Vindobona)

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.

Too much bureaucracy and too high costs is burdening the domestic industrial production. / Picture: ©

The Austrian Federation of Industries (IV) sees the thoughts of migration voiced by many enterprises as a “slow process of the deterioration of the location and a loss in trust in the business location, but primarily in the economy and industrial policy,” general secretary of IV Christoph Neumayer said in an interview with Austrian broadcasting station “Ö1”.