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Labor Market

Labor Costs: Austria in the Upper Third

Hourly labor costs ranged between € 3.5 and € 39.3 in the EU27 Member States. In Austria, labor costs reach € 29.20.

April 24, 2012

Maastricht Criteria: Austria in the Middle Field

In 2011, the government deficit of both the euro area (EA17) and the EU27 decreased in absolute terms compared with 2010, while the government debt rose in both zones.

April 23, 2012

Chemical Industry: Workers Want 5.8% Wage Increase

The Austrian chemical industry negotiates the collective agreements. Before the third negotiation round started, the workers put pressure on the employer side.

April 18, 2012

Labor Time: Resistance Against SPÖ´s Plans

The governing Social-Democrats want to reduce labor time. Industrialists, the Chamber of Commerce and FPÖ decline that idea.

April 17, 2012

Austrian Economy on Moderate Growth Course

Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.

April 16, 2012

Call for Structural Reform of Social Policy

The Federation of Austrian Industries reaffirms the high non-wage labor costs and intends to raise efficiencies in the health sector. The retirement age would be too low.

April 12, 2012

Psychic Diseases: Costs of € 3.3bn

The number of staff away sick in Austria rose by 100% since 1995.

April 11, 2012

Competitiveness: Austria Among Top Five

Concerning its competitiveness, Austria ranks fifth among the 27 EU members.

April 6, 2012

EU: Austrian Labor Costs Rose Decently

Since 2000, Austrian labor costs rose by 40%. Among the 27 member states, Austria ranks 22th.

April 5, 2012

Austrian Industrial Sector Faces Uncertainties

The Austrian industries expect a stagnation of business. Economic growth is low, export growth will be decent. Moreover, the order stock is declining.

April 4, 2012

FDI: Cautious Optimism in Slovakia

Austrian and German investors are still optimistic concerning Slovakia´s economy. The majority expects a slight acceleration of Slovakia´s economy growth.

April 3, 2012

Austrian Unemployment on the Rise

Within the Eurozone, Austria´s unemployment rate is still the lowest at 4.2%. Against March 2011, domestic unemployment rose by 4.4%.

April 2, 2012

Austrian Industry Running Increasingly Smoothly

The Austrian industry has potential: positive surprise still possible despite tight earnings situation caused by high commodity prices. Export orders rise strongly again.

March 30, 2012

BNP: Austrian Economy Recovers

GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.

March 26, 2012

2,000 New Jobs Created by Foreign Enterprises

The Austrian Chamber of Commerce stressed the importance of foreign direct investment in Vienna. Last year, 126 foreign enterprises came to Vienna.

March 22, 2012

Unemployment of Older Aged Workers Increases Disproportionately

The Austrian labor market registers a rise both in employment and unemployment of persons aged beyond 50. Especially unemployment of male persons aged beyond 50 rises dramatically.

March 17, 2012

Increasing Importance of Environmental Sector

In 2010, the Austrian environmental goods and services sector continued its growth, 7.9% more employees.

March 15, 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

„The Public Sector Does not Get Enough“

Klaus Pöttinger, President of Upper Austria´s IV takes Switzerland as model. Taxes would be too high, efficiency of the public sector is too low, he says.

March 9, 2012

Leitl: „Austerity Package Is Not Enough“

For Christoph Leitl, the President of the Austrian Chamber of Commerce (WKÖ), the recently resolved austerity package does not contain the essential reforms.

March 9, 2012

WIFO Forecasts Economic Stabilization

The Austrian Institute of Economic Research (WIFO) expects a slight improvement in the Austrian economic development. Upward indicators become more significant.

March 9, 2012

Banks May Face Strikes

The trade union of bank employees calls for a 4.9% salary increase. Employers reject this claim.

March 6, 2012

Austerity Package: Sorger Misses Reforms

The President of the Federation of Austrian Industries (IV), Veit Sorger, sees a massive lack in structural reforms. The austerity package is a “missed opportunity”.

March 3, 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

Austrian Industry: „Austerity Package Brings Excessive Rise in Labor Costs“

For the Federation of Austrian Industries (IV), the austerity package causes an enormous rise in labor costs for entrepreneurs.

February 25, 2012

Youth Employment: Danger from Austerity Package

The government aims for increasing the retirement age in order to cut pension costs. Now, the director of the Austrian labor market agency (AMS) warns of a rise in youth unemployment.

February 15, 2012

Austerity Package Brings Burden of € 900m for Companies

The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.

February 14, 2012

Turnaround for Austrian Economy?

Bank Austria´s business indicator states that the Austrian economy could return to growth. For the first quarter, a small growth rate is expected.

February 14, 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

Rise in Unemployment at Construction Industry Expected

Due to the worse economic forecasts, the trade union expects more unemployed persons in the construction industry.

February 1, 2012

Austria Still With Lowest Unemployment Rate in EU

Euro area unemployment rate stands at 10.4%. Austria has second-lowest youth unemployment rate.

January 31, 2012

Temporary Work on the Rise

2.3% of the Austrian workforce are temporary workers. With 75,000 persons, this is a new record.

January 30, 2012

Austrian Economy: Slowdown, But No Recession

The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.

January 26, 2012

Austrian Labor Market is Stable

The Minister of Social Affairs, Rudolf Hundstorfer, strikes a balance of the labor market in 2011 and refers to the lowest unemployment rate in the EU.

January 15, 2012

Austria Has 2.2 Million Retirees

Against 2010, the number of retirees was up by 1.3%. The average retirement age did not increase, employment of older persons could improve.

January 14, 2012

Austrian Wage Tax Intake Grows

The Austrian wage tax volume totaled 21.6bn in 2010. Gross wages were up by 2.5%.

January 11, 2012

Austria Grants Highest Subsidies in Europe

In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.

January 7, 2012

Austrian Has Lowest Unemployment Rate in EU

Euro area unemployment rate at 10.3%, EU27 at 9.8%. Austria ranks first with 4.0%. Regarding youth unemployment, only the German unemployment rate is lower.

January 7, 2012

Rising Costs for Labor Market Service

The Austrian Labor Market Service (AMS) offered less trainings in 2011. However, costs rose up to € 455m. The AMS management faces critics.

January 4, 2012

Dispute Over Part Time Work

The Austrian Chamber of Commerce and the trade union disagree over the advantages and disadvantages of part-time work for employees.

January 3, 2012

Slight Decrease in Unemployment

In December 2011, the Austrian unemployment rate was 8.2%, which is slightly below the previous year´s level.

January 2, 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

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

Stagnation Expected for Austria

The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.

December 17, 2011

Austrian Unemployment Fell Significantly

The Austrian labor market records more employees. The number of unemployed decreased, vacancies were going down in the third quarter of 2011.

December 17, 2011

Tax Returns Take 170 Hours

In order to settle their tax duties, Austrian companies have to take much time compared to other EU members.

December 13, 2011

Economic Stability: Austria Occupies Top Rank

According to a study by Allianz, Austria has the third rank among the EU countries.

December 7, 2011

Women´s Income Below Men

In Austria, the annual income of women is still considerably below men. However, this is mainly due to part time work. Male employees in private sector are top earners.

December 6, 2011

Unemployment Up by 3.7% in November

More than 321,000 persons were registered with the Austrian Labor Market Service in November. The number of employed persons increased by 59,000.

December 1, 2011

Austria’s Unemployment Rate Is the Lowest in the EU

The EU27 unemployment rate was 9.8% in October, compared with 9.7% in September 2011 and 9.6% in October 2010

November 30, 2011
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