Salary accord a ‘burden’, says Sorger

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Business

Federation of Industries (IV) chief Veit Sorger has warned that yesterday’s (Tues) metal industry salary negotiations agreement would “intensify the pressure on companies to rationalise.” Sorger is quoted by the Kurier as saying that the agreement – under which the 165,000 workers will get 4.2 per cent more from November – was a “great burden” […]

GM to invest €50mn in Vienna

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Business

Fifty million Euros will be invested in General Motors’ (GM) Powertrain factory in Vienna next year, it has emerged. Michael Lewald, who has managed the facility since August, told the Kurier today (Weds) the plan was to spend 50 million Euros in investments in 2012 after 70 million Euros this year. “I will ensure that […]

WKO boss wants price freeze

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Business

Federal Economy Chamber (WKO) President Christoph Leitl has called on the state and Austria’s nine provinces to abstain from raising fees in 2012. Leitl told the Kurier today (Weds) cities and communities should not introduce higher prices for services such as water disposal and the provision of gas. The WKO chief argued yesterday’s metal industry […]

Metal industry labour dispute settled

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Business

Around 165,000 Austrian metal industry workers will earn 4.2 per cent more from next month. Unionists and company representatives agreed about stronger increases of low salaries and one-off payments to employees of the sector in a 14-hour discussion at the headquarters of the Federal Economy Chamber (WKO) in Vienna which ended at 4am this morning […]

Waiting for Google data centre in Upper Austria

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Business

The Upper Austrian municipality of Kronstorf is waiting for search engine giant Google to start building a data centre for which Google had bought 75 hectares of land three years ago. National broadcaster ORF reported that the decision to build at Kronstorf was made by Google partly because the company wants to use only renewable […]

Metal industry braced for strike

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Business

Austria’s 170,000 metal workers are ready to down tools and take to the streets. Labour union official said they would hold summits at the beginning of next week and may organise demonstrations. They made clear that strikes were another possible measure. The announcements come after staff’s chief negotiator Rainer Wimmer upset employers’ representative Christoph Hinteregger […]

Tourism project causes chaos in Rome

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Business

A Viennese promotion initiative had to be abandoned earlier than planned after it sparked traffic havoc at one of Rome’s busiest public places. Impressions from the Austrian capital lured hundreds of people to Rome’s Piazza Venezia after dusk each day in the past weeks. Viennese tourism marketing agents hoped to convince Italians and people visiting […]

Park Royal Palace at the ready

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Business

A new Viennese hotel set to start business will also feature apartments, it has been revealed. Bosses of the Park Royal Palace – which will open next Tuesday (11 October) – confirmed speaking to the Kurier newspaper today (Weds) that the four-star hotel will include flats. The businesspeople explained that the apartments were located on […]

Rasinger blamed for A-Tec disaster

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Business

Mirko Kovats has harshly attacked Wilhelm Rasinger over the bankruptcy of A-Tec Industries AG (A-Tec). The industrial company – which consists of various affiliates operating in the raw material sector, the creation of factories and the production of tools – was founded by Kovats. It had to open insolvency procedures last year. The controlled bankruptcy […]

ORF market share keeps dwindling

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Business

The number of people tuning in for national broadcaster ORF’s programmes keeps declining. The company announced yesterday (Mon) that ORF 1 achieved a market share of 12 per cent last month, up by 0.5 per cent compared to September 2010. ORF 2 suffered a decline of 1.3 per cent at the same time, the broadcaster […]