All 45 jobs at a bankrupt Salzburg wood firm are safe, it emerged today (Weds).Liquidator Konrad Ferner said he told the 45 Salzburger Holzindustrie employees yesterday that they will all keep their jobs after he managed to find an investor willing to take over the broke company.Ferner said the Carinthian wood-processing firm Johann Weinberger won […]
Tag: business
EN-TECH goes bust
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Carinthian energy technology firm EN-TECH filed for bankruptcy at the regional court of Klagenfurt today (Mon).The Creditors Protection Association of 1870 (KSV 1870) announced the company which is headquartered in St. Veit an der Glan had debts of 1.79 million Euros. Thirteen employees and 120 creditors are affected.EN-TECH bosses said business suffered after […]
Final sale as Cosmos is to be liquidated
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Bankrupt electronic consumer goods chain Cosmos will be liquidated, it has been announced today (Fri).The Creditors Protection Association of 1870 (KSV 1870) said the decision was made after negotiators failed to find a “suitable follow-up solution” for the company which went bust earlier this year.KSV 1870 said the remaining articles would be sold at its […]
JoWooD highscore in 2009
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Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]
German car maker Volkswagen (VW) CFO Hans Dieter Pötsch has revealed that the company has been spending around 600 million Euros on car parts and other purchases in Austria every year.Pötsch said at a business event in Linz last night (Mon) evening that he was optimistic about business this year after an “extraordinarily difficult 2009”.VW […]
An Austrian has been named as the best paid CEO among German companies listed by the countrys stock market index DAX in “crisis year” 2009.Villach-born Siemens boss Peter Löscher earned more than seven million Euros in the last year, according to a report by business newspaper Handelsblatt. He took over at Siemens in 2007.The German […]
Austrian Federal Railways (ÖBB) supervisory board chief Horst Pöchhacker revealed today (Weds) the firms freight business department suffered operative losses of 100 million Euros last year.Pöchhacker said in a radio interview: “Turnover dropped by 500 million Euros due to the exceptional crisis last year, but we already managed to save around 400 million Euros.”He claimed […]
Last Cosmos stores to close
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Bankrupt electronic chain Cosmos will end its sale and close its remaining 17 stores tomorrow (Sat), the company announced yesterday (Thurs).The chain has already closed 10 stores and laid off 324 employees.The closures mean 1,160 employees will lose their jobs. Vienna employees will be able to find places in a regional foundation (RI) at which […]
ÖVP fraction wins WKO election
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The Peoples Partys (ÖVP) VP-Business Association has won this years Federal Economic Chamber (WKO) election for members representatives in specialised sectors.It was announced on Tuesday this week that the ÖVP organisation had won 70.9 per cent of the vote or 0.8 of a percentage point more than five years ago and had again won a […]
Hirsch Servo sinks deeper into the red
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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 […]