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Tax Reform Will Be Valid from September 1 on
According to Finance Minister Blümel, the tax reform will be valid on from September 1 and there will be a corresponding refund for salaries already taxed with retroactive effect from 1 January 2020.
August 31, 2020
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Hungary: Net Earnings Grew Substantially
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 3.3%
July 19, 2013
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Slight Improvement for Austria’s Economy in 2013/14
IHS (Institute of Advanced Studies) and Wifo (Austrian Institute of Economic Research) forecast a sluggish growth for Austrian’s economy.
March 21, 2013
Hungary: Gross Earnings Increased Marginally
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 2.5%, while net earnings excluding family tax benefits grew by 3.9% compared to 2011.
March 21, 2013
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Serbia: Real Income Shrinks
Available budget and individual consumption of households in the Republic of Serbia, Preliminary data, 4th quarter 2012.
March 15, 2013
Romania: Average Earnings Down Substantially
In January 2013, the average gross nominal earnings were 2138 lei, by 8.7% lower than the one registered in December 2012.
March 7, 2013
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Latvia: Moderate Growth in Income
During 2012 wages and salaries increased by LVL 17 or 3.7%.
March 1, 2013
Management Board Salaries Increased by 13.2% in 2010
Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.
November 29, 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
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Austrian Wage Increases below European Average
Real incomes are expected to go up by 0.8% next year. The average rate for Europe will be 1.3%.
November 4, 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
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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
Management Rewards Rise Considerably
In 2011, Austrian managers benefit from an increase of their salaries by 4.1% on average. Most of the Austrian managers receive additional payments.
September 21, 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
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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
Bankers' Bonuses Back to Pre-Crisis Level
Bonus payments of Austrian banks have recovered from the effects of the financial crisis. Rules for the payout have become stricter.
June 7, 2011
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Managers' Salaries Reach Pre-Crisis Level
CEOs in Austria earned € 186,000 on average in 2010. The decline of the previous years has been made up for.
May 18, 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
Tough Collective Bargaining in the Electrical Industry
The second round of collective bargaining in Austria's electrical industry had to be interrupted. About 50,000 workers are affected.
April 6, 2011
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Collective Contracts: Wage Increase of 2.95% for 130,000 Construction Workers
In the current collective negotiation rounds, the construction union managed to get the so far highest wage increase. The paper-manufacturing industry agreed on an increase of 2.4%.
March 24, 2011 · Updated: March 24, 2011; 00:31
Tough Negotiations Epected in Austria's Electrical Industry
Collective agreement negotiations for about 50,000 workers in the electrical industry start today.
March 18, 2011
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voestalpine: Increased Employee Participation Possible
For the CEO of the Austrian steel group, Wolfgang Eder, the increase of the participation from the current 13.3% to around 16% is envisaged.
January 21, 2011
Only Slight Increase in Austrian Minimum Wages
Index of Agreed Minimum Wages 2010: low increase due to economic crisis.
January 15, 2011
Austrian Airlines: Negotiations Finished
The management of the Austrian Airlines and worker representatives agreed to increase salaries slightly in 2011. Thus, strikes will not take place.
January 7, 2011
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AUA Staff Ready to go on Strike
The results of the polls are for starting the strike at Austrian Airlines. Should the negotiations fail, the staff is ready to go on strike.
January 5, 2011
AUA: For now, Negotiations Instead of Strikes
At the end of the year, there were still signs of strike for the staff of Austrian Airlines. Now the situation seems to calm down.
January 4, 2011
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Chamber of Labor Calls for a More Equitable Distribution
Corporate profits on one hand and reduced working hours, dismissals and wage cuts on the other, are not compatible for the Chamber of Labor.
December 28, 2010
Income Report: Workers' Wages Fell in Real Terms
In its income report, the Audit Court presents the evolution of the income of the Austrians. Increasing differences can be identified.
December 24, 2010
AUA: Signs of Strike
The staff is voting for strike measures. Protests are planned for after the Christmas holidays.
December 14, 2010
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AUA: Negotiations Failed, Imminent Protests
Collective agreement negotiations between employee representatives and top leaders of Austrian Airlines had to be interrupted without results.
December 10, 2010
Strike threat at AUA
Salary negotiations at Austrian Airlines falter. The staff wants at least a salary increase equivalent to inflation.
December 2, 2010
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Salary Increase in Trade up to 2.3%
Low incomes are taken more into account than higher salaries; the minimum wage in trade now amounts to € 1,300.
November 30, 2010
Arbeiterkammer: Labor Force in Austria Remains Highly Profitable
The representatives of the interests of workers and employees raise criticism on the extents of wage and salary increases with a self-created study. The argument of the companies about the need to build up reserves is incorrect.
November 2, 2010
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