Workers union officials are expected to turn their guns on Post AG bosses as details of the firms controversial austerity plans have emerged.The company in which the Republic of Austria has a 52.8 per cent stake through state holding company ÖIAG announced today (Weds) where it planned to shut down post offices.Post AG […]
Georg Kapsch is rumoured to follow Veit Sorger as president of the Federation of Austrian Industries (IV).Business newspapers report today (Weds) that the head of IT firm Kapsch TrafficCom AG has the best chances of heading the body. Sorgers term only ends in around two years, but the institution is allegedly interested in clarifying the […]
Lower Austrian prosecutors have raided offices at Vienna International Airport (VIA) today (Thurs).Korneuburg state prosecutor Friedrich Köhl said dozens of documents have been confiscated. “It will probably take several weeks to examine them,” he added.A spokesman for Flughafen Wien AG, the company managing VIA, claimed none of their offices were searched. He added it had […]
Sparkassen Immobilien AG, also known as s-Immo, said today (Weds) it suffered losses for the first time in its 22-year history last year.The company which belongs to Austrian bank group Erste announced annual losses reached 78.9 million Euros in 2009. The main factor for this development was a devaluation of its Eastern European […]
Kapsch TrafficCom Sweden, a 100-per-cent subsidiary of Austrian IT firm Kapsch TrafficCom AG, has won a big assignment in Bangkok.Company officials announced today (Tues) that they will equip the Thai capitals Bang NaBangpakong expressway with a road toll system.The order was worth seven million Euros, they said, adding that they will set the system up […]
Styrian waste management and recycling firm Saubermacher Dienstleistung-AG reportedly wants to acquire Upper Austrian waste management firm AVE, a subsidiary of Upper Austrian energy provider Energie AG Oberösterreich (EAG).Business magazine trend reported the news today (Mon), but EAG General Director Leo Windtner said the report had no basis in fact.He said: “AVEs continued consolidation is […]
Styrian industrial plant producer Andritz-AG said today (Tues) that it would buy German machine builder KMPT AG based in Vierkirchen.Andritz added that it would soon sign a contract for the acquisition of KMPT and its subsidiaries in England, France, Italy, China and the USA.Andritz said the acquisition would strengthen its environment & process business division […]
Carinthian machine and packaging manufacturer Hirsch Servo AG reported today (Fri) that it had sunk deeper into the red in the first half of its 2009/2010 business year (1 July to 30 June).The firm said its losses had increased by 0.25 per cent year on year to 2.19 million Euros and its turnover had declined […]