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Labor Market

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

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

Austrian Competitiveness Shrinks Further

According to a market survey of the consulting group Ernst & Young, Austria´s international competitiveness has still worsened and fell from rank 18 to 19.

September 7, 2011

Leitl: „Austrian Economy Suffers from Lack in Skilled Labor“

According to Christoph Leitl, President of the Austrian Chamber of Commerce, 70% of all enterprises have difficulties in finding highly-skilled workers.

September 6, 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

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

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

Labor Force and Household Projections for Austria 2010-2050

The Austrian labor force is predicted to reach a maximum of 4.2 million in 2018. The number of households in 2050 will be up 19.8% over 2009.

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

Majority of Enterprises Satisfied with Business Development

According to the Economic Chamber’s business barometer, the climate for investments has improved further. Enterprises worry about labor force availability.

June 15, 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

Urgent Need for Specialized Workforce

Lack of skilled employees hits Austrian crafts enterprises. Opening of the labor market could help to satisfy the demand.

May 17, 2011

Austria's Manufacturing Industry Warns of a Shortage of Apprentices in the Technological Field

There is a shortage of applicants for the manufacturing industry-related and production-oriented technology areas; the demographic trends will intensify the problem.

May 13, 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

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

Austrian Educational Level Rises

Educational level of young people aged 15 to 34 compared with their parents: Trend towards higher education.

April 28, 2011

"Austria has Lost its Chance"

The labor market opening of Austria for the more recent EU member states comes too late, according to the manufacturing industry.

April 27, 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

Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller

For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.

April 16, 2011

Austria's Labor Costs above EU Average

An hour of work costs an Austrian employer an average € 28.00 - six euro more than the EU average.

April 13, 2011
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