AUA ex-staff demanding 50m in pension cash

Categories
Finance

Around 200 former pilots and flight staff from the Austrian Airlines AUA  are  threatening legal action in order to get their share of the company’s pension fund paid out in advance. Unless the firm agrees to settle it is looking likely that the first legal case over the demand will take place in February. According […]

More sport for kids demanded by parents

Categories
Education

Campaigners demanding more physical education for children are calling for parents to sign a petition supporting the idea. As of Monday the group said that they had managed to get more than 30,000 signatures for their demand that kids have to get an hour a day in sport at school. Innsbruck University Sport Science Expert […]

Lenzing challenged by soaring demand

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Business

Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing – […]

Allianz Austria seeks extra staff

Categories
Business

Insurance company Allianz Austria plans to hire additional employees, it emerged today (Fri).The firm, which belongs to the German Allianz Insurance Group, announced it wanted to engage 280 clerks to match growing demand in its private life insurance products.Allianz Austria has 3,410 staff, an increase since 2009, when the number was below 3,300.Chairman Wolfram Littich […]

Wienerberger reduces its losses

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Business

Wienerberger AG, the world’s biggest producer of bricks, said today (Weds) it suffered losses of more than 13 million Euros in the first nine months of this year.The Vienna-based company announced losses of 13.5 million Euros between January and September 2010 following losses of 198.2 million Euros in the same period of the previous year.Its […]

Soaring interest in safe investments sends up flat prices

Categories
Business

Flat prices jumped in “crisis year” 2009 as many see condominiums as a safe haven for their money, according to a business expert.Thomas Malloth, head of the Federal Economic Chamber’s (WKO) real estate department said today (Weds) the value of owner-occupied flats rose by 3.5 per cent from 2008 to 2009.”Strong demand, especially in conglomerations, […]