Mail order company Neckermann Versand Österreich AG suffered losses of more than eight million Euros last year, according to reports from today (Weds).Viennese newspaper Der Standard claims the firm a subsidiary of German mail order giant Neckermann also suffered a four million Euro year on year decline in turnover to 84 million Euros […]
Tag: employees
Leather car seat maker Vogl is broke
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More than 150 workers fear losing their jobs as a car industry supplier goes bust.Mattighofen-based leather producer Vogl said today (Thurs) that it has been forced to declare itself bankrupt following a dramatic decrease in orders of its products from car manufacturers. It used to provide leather seats for German firms like BMW, Porsche and […]
One in five companies are affected by business felonies, according to an internationally-linked detectives body.Karl Stephan Novak of the European Detectives Association (EURODET) said today (Fri) around 20 per cent of companies with more than 250 employees have become victims of business crimes.Novak who stressed that the dark figure was expected to be significantly […]
Doomed Triumph staff to work part time
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Employees at underwear and lingerie manufacturer Triumph International AGs Hartberg factory will work part time for the next few months, it has been revealed just weeks after firm chiefs announced plans to lay off everyone.The internationally operating Swiss firm said in June that all 291 staff would be made redundant by 31 October when the […]
Cosmos creditors endorse speedy shutdown
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Creditors of bankrupt Cosmos welcomed the decision to close down all branches of the electronic consumer goods chain, according to a lobbyist.Wolfgang Hrobar of the Alpine Creditors Protection Association (AKV) said today (Mon) the broke companys more than 1,500 creditors were happy about the decision to shut all 27 shops since it ensured personnel and […]
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 […]
Businessmen in better mood
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The mood among businessmen in Austrias retail trade sector has improved, according to consulting firm KMU Forschung Austria.Georg Toifl, the head of its retail trade division, said today (Fri): “We are experiencing a trend reversal.”He said business would continue to pick up in the second quarter of 2010 but warned against “euphoria” since investment was […]
Spanish Riding School honoured by UNESCO
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Viennas Spanish Riding School has been put on the list of Austrian immaterial cultural objects by the UN Educational, Scientific and Cultural Organisation (UNESCO).Maria Walcher from the Austrian UNESCO committee for immaterial cultural values said today (Fri): “It is a matter of a ritual, traditional craft, oral tradition and timeless knowledge in relation to protection […]
Sepp Resch is Lenze’s new GM
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The Austrian subsidiary of German transmission and automation specialist Lenze announced today (Thurs) that Sepp Resch would be its new general manager for Austria and Eastern Europe.Resch, 49, has been the head of international automation firm Cegelec.Lenze said Reschs focus in his new job would be maximisation of growth potential.Lenze Austria, based in Asten near […]
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 […]