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Austrian Industrial Company Headlines

Baumax Sale Continues, Trade Unions Negotiate

The trade union of privately employed (GPA/djp) wants to push through a social plan and employment foundation to finance further training of employees before the pending sale of the DIY chain Baumax. The trade union representatives are in the middle of negotiations it was stated.

5 hours ago

Kopf: Not More than 1,100 Baumax Employees Can Lose their Jobs

The head of the labor office Johannes Kopf said that the 1,100 employees of Baumax registered in the early warning system of the labor office is the maximum number of people who may lose their jobs. As he recalled, in case of the bankruptcy of Alpine, 4,000 people were registered in the system, but only 500 actually became unemployed, as most jobs were taken over.

Yesterday

Baumax Sale to OBI - Fate of 3,800 Jobs in Austria Uncertain

After the sale of most Baumax shops to Obi and Supernova it is still uncertain how many of the 3,800 jobs in Austria will be lost. Above all, the jobs at the Baumax headquarters in Klosterneuburg are at risk.

August 31, 2015

Iran Could be Interesting Market for Austrian Automotive Suppliers

According to Siegfried Wolf, ex had of ÖIAG and CEO of Russian Machines, the Iran would be an interesting market for the automotive supplier industry, once sanctions get lifted. He noted in an interview for WirtschaftsBlatt (Monday issue) that the market was estimated at about 2 million cars and it has been stagnating for 15-20 years.

August 31, 2015

German DIY Chain OBI Acquires Baumax for EUR 200 Million

Ailing DIY chain Baumax was sold to German DIY chain OBI and Graz real-estate developer Supernova, Kurier daily and Kronen Zeitung reported. The sale was fixed contractually on Friday. The volume of the deal has been estimated at nearly EUR 200 million by Kurier.

August 31, 2015

Haselsteiner Pushes to Close Klagenfurt Airport Deal

Enterpreneur Hans Peter Haselsteiner, who wants to acquire a stake in the operator of the airport in Klagenfurt with the help of a consortium, is in a hurry to complete the deal. He wants everything to be ready by mid-September, it follows from an interview with him featured by daily Kurier.

August 31, 2015

Voestalpine Lands EUR 350 Million Deal

Listed steel and technology concern voestalpine has scored a contract valid until mid-2022 for belt pretensioner component and airbag component deliveries worth up to EUR 350 million (USD 395.1 million). The group’s annual revenue amounted last year to EUR 11.2 billion.

August 31, 2015

Strabag Reduced Losses in H1

Austrian listed construction company Strabag reduced its losses in H1 considerably: the consolidated loss melted by 40 percent y/y to EUR 55.5 million (USD 62.7 million), whereas earnings before interest and tax shrank by 37 percent y/y to EUR 68.4 million, the company reported.

August 31, 2015

UIAG Plans Further Investments

The Upper-Austrian investment company Unternehmens Invest AG (UIAG) wants to carry out further acquisitions. UIAG is specialized in SME's and holds stakes in the following companies: Pongratz Trailer-Group GmbH (99 percent), All for One Steeb AG (25.1 percent), LCS Holding GmbH (30 percent) and UIAG Automotive Beteiligungs GmbH (100 percent) as well as UIAG Holding GmbH (100 percent) for investment management.

August 28, 2015

Porr Builder Doubles H1 Net Profit Y/Y to EUR 10.8 Mln

Listed builder Porr raised H1 2015 net profit to EUR 10.8 million (USD 12.2 million) from EUR 5.1 million a year earlier, the company said in a report. EBIT jumped by 70.8 percent y/y to EUR 21.5 million.

August 28, 2015