Manufacturing Industry on Pensions: Structural Reform has to be Adressed Urgently

People ♦ Published: March 26, 2011; 12:42 ♦ (Vindobona)

Manufacturing industry representatives were surprised at ÖGB statements. Instead of early retirements, more funds should be freed for future investments.

Manufacturing Industry on Pensions: Structural Reform has to be Adressed Urgently / Picture: © Vindobona.org

The Secretary General of the Industrial Federation, Christoph Neumayer, declared himself to be “amazed” at yesterday's statements by the Chairman of the Pension Commission, Bernhard Schwarz, as well as those made in its wake by ÖGB (Austrian Trade Union Federation) President Eric Foglar, according to which there are "no major efforts required for further reforms of the pension…