Labor Market

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016

Cecilia Malmström Visited Vienna to Discuss TTIP

EU Trade Commissioner Cecilia Malmström was welcomed in Vienna. She participated in a public debate concerning the anticipated free-trade agreement between the EU and the USA (TTIP).

February 23, 2016

Primetals Austria to Lay Off 200 of its 1,600 Employees

Engineering group Primetals will lay off up to 200 of its 1,600 employees in Upper Austria next year, the daily Oberosterreichische Nachrichten reports. The group needs to achieve EUR 20 million savings in its Linz location, while incoming orders are well below the company's expectations.

October 16, 2015

Opening of Labor Market Doubles Romanians and Bulgarians in Austria

As a result of the opening of the job market as of 1 January 2014 twice as many Romanians and Bulgarian joined the Austrian labour market than before, a study of WIIW and IHS estimates.

February 3, 2015

Austria: Right-Winged Extreme Party Buoyed by Tailwind

The Austrian right-winged Freedom Party (FPÖ) is using the disappointment over the grand coalition’s inability to tackle major economic issues to its advantage.

May 21, 2014

“Romania Can Never Become the China of Europe”

Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.

May 15, 2014

Fiat Intensifies Investments in Poland

As reported by Polish daily Puls Biznescu, Italian automotive manufacturer Fiat plans on lauching the production of a new series, similar to the so-called Punto.

May 9, 2014

Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI

The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).

May 7, 2014

Pewag Striving for Larger Market Share in US

The Austrian snow chain manufacturer appreciates the label “Made in USA”.

May 6, 2014

Federation of Industries: “Industrial Compact“ for European Competitiveness

The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.

May 5, 2014
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