Sponsored Content
AK Austrian Federal Chamber of Labour
ÖVP and SPÖ Achieve Breakthrough in Budget Negotiations
In the ongoing coalition talks between the Austrian People's Party (ÖVP) and the Social Democratic Party of Austria (SPÖ) without a mandate to form a government, a significant agreement has apparently been reached. According to several media reports, the two parties have been able to agree on a joint budget for the coming years. Official confirmation is still pending, but there are increasing signs that the negotiations are entering the home straight.
February 20, 2025
Austria's Industry and Economy under Pressure: Economic Experts Discuss Solutions
The situation in Austrian industry has deteriorated continuously since mid-2021. The Federation of Austrian Industries (IV) is now issuing an urgent warning about the consequences of this development. “Industry is in a bleak situation,” explained IV chief economist Christian Helmenstein. There is no sign of a recovery shortly, which is seriously jeopardizing the competitiveness of the location and the prosperity of the country.
February 2, 2025
KTM Facing Insolvency: Effects on Upper Austria and the Austrian Economy
The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company's financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
December 2, 2024
Record Number of Company Bankruptcies in Vienna Burdens Economy and Labor Market
In Vienna, more than 1,100 companies filed for insolvency between January and September 2024, with the real estate sector particularly hard hit. This development contributes to rising unemployment, which has increased by 8.8% compared to the previous year. Experts blame the rise in the poor global economic situation, high inflation, and increased energy and rental costs. The increase is particularly worrying for retail and service companies, as shown by the example of Pepco, which has affected over 600 employees.
October 21, 2024
Largest Insolvency in Styria: Fisker GmbH and its Effects
The insolvency of the Austrian Fisker subsidiary has far-reaching consequences for the Styrian economy. With a mountain of debt of almost four billion euros, it is the largest corporate bankruptcy of the year.
August 8, 2024
Taylor Swift Concerts in Vienna Canceled Due to Suspected Terrorism - What Fans Need to Know Now
The cancellation of the Taylor Swift concerts in Vienna has left many fans disappointed and perplexed. After two suspected terrorists were arrested who had possibly planned an attack on the upcoming concerts, the organizer Barracuda Music decided to cancel the events. Fans are now wondering what costs will be reimbursed and how to proceed.
August 8, 2024
Discrimination on the Housing Market: A Growing Problem in Austria
A recent SORA study conducted on behalf of the Ombud for Equal Treatment highlights a serious problem in Austria's real estate market: racism and discrimination. People with foreign-sounding names or accents have significantly fewer chances of being invited to view an apartment compared to people with typical Austrian names.
September 14, 2023
Austrian Government Aims to Increase Skilled Immigration and Address Labor Shortages
The Austrian government, led by Economy and Labor Minister Martin Kocher, plans to attract a minimum of 15,000 skilled workers from non-EU countries to Austria annually by 2027 through the Red White Red card (Rot-Weiß-Rot Karte) program.
July 18, 2023
Cell Phone Contracts in Austria to Become More Expensive From April
Existing cell phone contracts will become up to 11.5 percent more expensive for many customers in April. Drei and A1 have already confirmed price increases in charges, the Chamber of Labor (AK) said in a press release.
March 14, 2023
Working in Austria: Further Facilitation of the Red-White-Red Card
Applying for a Red-White-Red Card is made easier again! Skilled workers who intend to work in Austria will find it easier to obtain a work permit in the future. Read this article to find out which simplifications have been decided.
September 26, 2022
Austrian Chamber of Labour and Ombudsman Board: Family Allowances Delayed for Months
Families in Austria are complaining about their family allowances being delayed for months. The President of the Austrian Federal Chamber of Labour Renate Anderl and Ombudsman Bernhard Achitz have expressed serious concerns about the issue and blame staffing shortages at the Federal Ministry of Finance for the delays.
August 25, 2021
Austrian Chamber of Labour: EUR 315 Million Could Create 75,000 Jobs
According to an expert of the AK Austrian Chamber of Labour, 75,000 jobs can be created with the spending of EUR 315 million. This might be worth a thought in an economic challenging situation due to Covid-19.
August 18, 2020
Austria Ranks 4th in Labor Productivity.
According to a study carried out by Eurostat, Austria is among the Top 5 of the most productive countries in the EU. In the last 20 years, the country was able to increase labor productivity by 36.5 %.
March 25, 2013
Austria: Residential Building Is „Much too Low“
In the next years, Austria faces a remarkable housing shortage, the Austrian Chamber of Labor (AK) warns.
February 5, 2013
Austrian Business Profits Grow Stronger than Salaries
The Austrian Chamber of Labor (AK) analyzed 110 companies. In the last ten years, workers lost € 13,000 per head on average, AK says.
September 22, 2012
Austrian Chamber of Labor: Loss in Real Income at 1.5%
Between 2000 and 2010, the average inflation and tax-adjusted net income was down by 1.5% in Austria, AK (Austrian Chamber of Labor) says.
September 5, 2012
„Something Is Wrong in Austria“
According to the Austrian Chamber of Labor, Austrian workers have to bear the highest burden of the crisis. The contribution of great fortunes would be insufficient.
May 30, 2012
Pressure on Medium Income Earners Rising
The Austrian Chamber of Labor warns that the number of people who do not get by with their income anymore rose to 60%.
April 28, 2012
Working Time: 32% Work Longer than Stipulated
A study of the Austrian working atmosphere index shows that a substantial part of Austrian workers works longer than 40 hours per week.
March 10, 2012
Public Dispute Over Privatizations
The two government parties disagree to the sale of further publicly held companies. ÖVP pushes for privatizations, for SPÖ the idea is inacceptable.
February 29, 2012
Austerity: Unions Versus Industrialists
The Austrian trade unions want to impose property taxes, the Federation of Austrian Industries seeks cuts in spending.
January 21, 2012
40% of Austrian Employees Work In Spite of Illness
The feared loss of the job is one of the most important reasons, says a survey by the Chamber of Labor.
December 27, 2011
Chamber of Labor Claims Reduction in Working Time
According to the Austrian Chamber of Labor, companies earn € 4,000 per employee. The Chamber asks for fair wages and a cut in working time.
November 14, 2011
Chamber of Labor Claims Substantial Wage Increase
The Austrian Chamber of Labor calls for a massive rise in wages for metal workers. The union refers to increase profits of the metal industry.
October 10, 2011
Trainees in Vienna „Not Satisfied“
A study of the Viennese chamber of labor published, that a large number of trainees is not satisfied with their apprenticeships.
October 8, 2011
Food Prices Continue to Rise Rapidly
Within three months, prices increased by more than 8%. The Austrian Chamber of Labor asked the government to take countermeasures.
July 19, 2011
Workers Continue Feeling the Crisis
The Austrian Working Climate Index increased only slightly from 107 to 108 points during the last half-year. According to the Labor Chamber, the crisis has not been mastered yet, particularly for workers.
May 7, 2011
Labor Chamber: Productivity Grew Significantly More Than Salary Increases
Personnel costs per employee of Austrian companies, according to the Labor Chamber (AK) have grown less than half as strong as productivity since 2003.
April 30, 2011
Energy Prices for Households still on the Rise
Especially mineral oil product prices rose steadily in the first quarter of 2011. Electricity prices remained stable.
April 23, 2011
More Unemployed are Looking for Full-Time Jobs Than at the Start of the Crisis
The Austrian Chamber of Labor criticizes that despite the economic boom there are less full-time jobs available than before the economic crisis.
April 21, 2011
Workers Continue Seeing the Situation on the Labor Market as Critical
The work climate index of the Austrian Chamber of Labour (AK, Arbeiterkammer Österreich) indicates that workers continue considering the situation on the labor market as critical despite rising employment.
March 4, 2011
Unemployment: Austria has Top-Position Among EU27
EU27 area unemployment rate at 9.9%, Austrian unemployment rate amounts to 4.3%. National youth unemployment is below the average too.
March 2, 2011
Demand for Elimination of the ÖIAG
IAs part of the succession process for the CEO position at the Austrian industrial holding (ÖIAG) political representatives are increasingly imposing conditions.
January 27, 2011
Experts: No Failures in the Austrian Labor Market
The last hurdles for the new EU-members to enter the Austrian labor market will fall in May 2011. However, even the unions has no concerns.
January 3, 2011
Chamber of Labor Calls for a More Equitable Distribution
Corporate profits on one hand and reduced working hours, dismissals and wage cuts on the other, are not compatible for the Chamber of Labor.
December 28, 2010
Workers Count on Early Retirement
Nearly half the Austrian salaried employees do not expect to work until reaching normal retirement age.
December 10, 2010
Arbeiterkammer: Labor Force in Austria Remains Highly Profitable
The representatives of the interests of workers and employees raise criticism on the extents of wage and salary increases with a self-created study. The argument of the companies about the need to build up reserves is incorrect.
November 2, 2010
Meinl Bank compensates MEL-investors
The next 600 small investors may get back a third of their losses with MEL-papers. Overall Meinl Bank wants to pay out 3.2m ($4) and then retrieve the money from financial institutions.
August 20, 2010
Fast News Search
