Sponsored Content
Labor Market
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
Retail Trade: Salary Increase of 3.6%
520,000 employees are concerned by the new collective agreement. Additional cost for the companies will amount to approximately € 650m.
November 30, 2011
Insufficient Child Care Facilities in Austria
Increase of childcare rates, but supply of childcare facilities still insufficient for 12% of all persons with childcare responsibilities
November 22, 2011
Unions Put Pressure On Retail Trade
After the third negotiation round has been quitted, the Austrian trade Union starts a series of actions. Strikes are not considered for the time being.
November 19, 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
WIFO Sees Growing Signs of Economic Slowdown
The research institute expects a substantial decline in Austria’s GDP growth rate. Companies have already lowered their expectations for the months to come.
November 10, 2011
Salaries Increase by 3.0%
For 2012, Austrian salaries will rise by 3.0% on average. This is beyond the inflation rate by 0.8%.
November 8, 2011
Austrians Increasingly Pessimistic
According to a survey, Austrians fear that similar developments to Greece will also occur in their country. Confidence in politics still worsens.
November 5, 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
Austrian Unemployment on the Rise
In spite of its low level compared to other EU-countries, the number of unemployed persons increased up to 300.000 in October.
November 1, 2011
Nationalization of Banks Not Excluded Anymore
According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.
October 31, 2011
Austria Keeps Lowest Unemployment Rate in EU
The EU27 unemployment rate was 9.7% in September 2011, compared with 9.6% in August4. It was 9.6% in September 2010. Austria leads the official statistics.
October 31, 2011
EU Calls for Opening of Labor Markets to Romanians and Bulgarians
The European Parliament wants a solution by the end of 2011 and does not see any negative effects on social welfare systems.
October 27, 2011
WIFO Claims Property Tax
Karl Aiginger, CEO of the Austrian Institute of Economic Research calls for a significant increase in taxation of real estate and fuel.
October 24, 2011
Collective Bargaining Starts in Trade Sector
After the complicated negotiations between employers and the trade union of the Austrian metal industry, the trade sector continues. 520.000 workers are concerned.
October 19, 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
Austrian Economy Cooling Down Rapidly
Drastic deterioration in industrial climate and consumer sentiment point to a break in the economic recovery in the second half of 2011.Economic outlook for 2012 lowered to just 1.4 per cent.
October 15, 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
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
BMW Austria Fears Lack in Skilled Labor
The German automobile corporation´s factory in Steyr, Austria, already produces 5000 engines per day. 200 new workers were hired this year.
October 4, 2011
Mitterlehner: „Settlement of Headquarters Key Question for Austria“
The Austrian Minister of Economics, Reinhold Mitterlehner, wants to push the development of the domestic location through improving framework requirements steadily.
October 4, 2011
Slight Increase in Unemployment
Austria´s unemployment grew by 1.9% in September 2011. The main reason is the lower number of trainings.
October 1, 2011
Austrian Unit Labor Costs Down in 2010
The Austrian competitiveness improved in 2010. Against 2010, unit labor costs decreased by 5.5%.
September 20, 2011
Fast News Search
