Income Grows Slower Than GDP

For years, the increase in wages and salaries is lower than the rise in company profits.

July 14, 2012

Stable Outlook for Austrian Industrial Sector

Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.

July 11, 2012

Hungary Plans to Boost Economy

With a € 1.0bn programme, the Hungarian government aims to create more jobs and stimulate consumption.

July 9, 2012

Leitl: „Securing Austria´s Top Ranking“

WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.

June 27, 2012

Leitl Underlines Good Relations with Hungary

At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.

June 14, 2012

Austrian Labor Market: Rise in Employment

More employees and fewer self-employed in the first quarter of 2012; decrease in unemployment and job vacancies.

June 14, 2012

Slow Growth in First Quarter

In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.

June 9, 2012

Small Growth Rate in Austrian Service Industry

Austrian service enterprises achieved an increase of turnover by 4.0% in the first quarter 2012.

June 5, 2012

Employment Benefits from High Growth Dynamics

The encouraging growth trends provided a very welcome boost to employment in the Austrian federal provinces. The construction industry stabilises.

June 5, 2012

Slow Growth in Austrian Industry

In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.

June 1, 2012

Austrian Chamber of Economics Claims Growth Package

Christoph Leitl, President of the Austrian Chamber of Commerce thinks that Austria and Europe would both need growth and austerity measures.

May 25, 2012

Black Labor Decreases

In Austria, the share of black labor is still big. However, there is a downward trend.

May 22, 2012

Stable Development of Austrian Economy

The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.

May 10, 2012

Leitl: „EU Needs Budget Consolidation and Growth Measures“

The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.

May 5, 2012

Rise in Austrian Unemployment Rate

At the end of February, 380,000 persons were unemployed. This is a rise of 5.2%. At the EU level, Austria´s unemployment rate is still the lowest.

March 1, 2012

Positive Production Trends in Industry and Construction

In November 2011; turnover was up by+8.2%. Orders in the construction industry rose by 11.8%. Construction output went up moderately.

February 29, 2012

Austria: Low Attractiveness as Research Location

According to a study among European scientists, Austria loses its reputation. The most attractive destination is the U.S.

February 27, 2012

Austrian Job Vacancies Declining

65 200 job vacancies in the fourth quarter of 2011, -17% compared to the fourth quarter of 2010.

February 6, 2012

Substantial Gender Difference in Full-Time Employment

In Austria, 4.03 million employees counted for 3.54 million full-time equivalents in 2010. The gender gap is significant.

December 20, 2011

Temporary Work Increases

In 2010, 66.100 temporary workers were employed in Austria. Their number should increase up to 82.200 by 2012.

November 16, 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

Decreasing Importance of Blue Collar Worker´s Income

The share of wages in employed income decreases. The difference between blue collar and white collar workers further goes up.

November 2, 2011

Solution Found: Wage Increase by 4.2%

After heated debates and strike threats, representatives of the Austrian metal industry and the trade union came to an agreement.

October 18, 2011

Metal Industry: New Bargaining Rounds

The Austrian trade union of metal workers and industry representatives could avert a strike. However, a compromise is still not found.

October 17, 2011

Austrian Metal Industry: Strike Threatens

After a warning strike on Friday, representatives of the metal industry and the trade union still reached no agreement. Now, a full strike threatens.

October 15, 2011

Bargaining Suspended – Metal Workers Take Industrial Action

Employees of more than 140 Austrian companies went on strike after negotiators had failed to agree on wage increases.

October 13, 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

FDI Remains Essential for Austrian Business Location

According to a study of Statistics Austria, the number of foreign subsidiaries even grew in 2009 by 6%. The number of Austrian subsidiaries owned by foreign corporations grew slightly.

October 5, 2011

Metal Workers Start Autumn Bargaining Round

Salaries of 190,000 employees in the metal industry will be negotiated. Trade unions demand substantial increases.

September 22, 2011

Layoff at UPC

The Austrian subsidiary of the U.S. group Liberty Global further reduces staff.

September 20, 2011

Employment Numbers Rose in the Second Quarter

Number of employed increased, number of unemployed decreased, more vacancies in the second quarter of 2011.

September 15, 2011

Firms Budget 2.8% Wage Increase

Top management of Austrian companies will likely benefit from the highest pay rise next year.

September 14, 2011

August Brings First Rise in Unemployment Rate in 17 Months

First signs of a weakening labor market: The number of unemployed rose by 0.4% to 219,247 in August. Job vacancies were down 6.7%.

September 1, 2011

Austria Confirms Top Ranking in EU Unemployment Statistics

The Austrian unemployment rate continued to decline in July. It dropped to 3.7% from 3.9% in June.

August 31, 2011

Industry Raises Alarm over Lack of Technicians and Apprentices

voestalpine CEO Eder and WKÖ president Leitl call for measures against the shortage of skilled personnel. They want to increase the attractiveness of technical jobs and raise the retirement age.

August 23, 2011

Unions Call for Massive Wage Increase

Austrian unionists demand a substantial premium above the inflation rate. They argue that employees should benefit from the strong economic development.

August 19, 2011

Decline in Unemployment Rate Continues

The number of unemployed fell by 4% to 262,904 in July. The positive development has lasted for 17 months already.

August 1, 2011

Economic Growth to Slow Down in Second Half of 2011

Real growth is predicted to fall to 0.3% in the third quarter. The forecast is based on reduced export prospects, a lower number of new orders and the euro crisis.

July 19, 2011

Green Tech Industry as an Important Factor in the Styrian Economy

The Styrian green tech cluster has grown twice as fast as the global market over the last five years. More than 5,500 new jobs have been created.

July 13, 2011

AMS Announces New Record in Job Vacancies

The number of vacancies increased by 9.7% in the first half of 2011. Nearly all industries and provinces contributed to the development.

July 12, 2011

New Employment Record in June

The number of unemployed fell by 2.3% to 268,866 in June. The positive development has lasted for 16 months already.

July 1, 2011

Industrial Activity Is Cooling Down

Growth of Austrian industrial production has reached its lowest level since the beginning of 2010. The rate of job creation is leveling off.

June 29, 2011

Austrian Labor Market Relatively Stable during Crisis

A recent study shows: The labor market has weathered the economic crisis. Politicians and companies have taken the right decisions.

June 24, 2011

Labor Market Continues Strong Development

The number of employed, vacancies, and full-time jobs increased in the first quarter of 2011. The feared inrush of job seekers from Eastern Europe did not materialize.

June 16, 2011

Further Decline in Unemployment Rate

Compared to May 2010, the number of unemployed persons decreased by 2.5%. In April, Austria recorded the lowest rate among all EU countries.

June 1, 2011

Bank Austria: Austrian Industry Cooling Down

Growth of industrial production has slowed down in Austria, especially in the export sector. Job creation is still on a high level, but also losing pace.

May 31, 2011

Austrian Unemployment Still Declines

Compared to April 2010, the number of unemployed persons decreases by 5.4%. The number of trainings went down by 19.3%.

May 3, 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

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

Bad Image for Tourism-Related Professions

Austria's tourism industry workers are dissatisfied with their jobs because of relatively low pay and bad working conditions.

April 19, 2011
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