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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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