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Austrian Industry Promotes Employment of Older Workers
The Federation of Austrian Industries (IV) argues that the state budget may reduce pension costs by € 7.4bn if the reforms of Germany were implemented in Austria too.
Austrian Industry Promotes Employment of Older Workers / Picture: © IV / Markus Prantl
According to the research institute EcoAustria, the integration of people aged from 55 to 65 in the labor market may cause a decrease in public expenses by € 7.4bn. “If we would reach a comparable increase in employment of older workers like in Germany until 2022, this would bring about € 7.4bn for Austria´s budget.” IV´s President Georg Kapsch explains.
“The example…
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