Around 3,000 people may lose their jobs in Austria as a leading drugstore chain declared itself bankrupt. It was reported last Friday that discounter Schlecker may be forced to stop operating due to declining turnover. The German company announced yesterday (Mon) it opted for starting controlled insolvency procedures in a bid to stay in business. […]
The chiefs of Austria’s biggest companies earned more in 2010 than in the previous year, according to an investors’ protection group. IVA officials said yesterday (Tues) the incomes of members of the executive boards of companies listed on the Vienna Stock Exchange (WBAG) rose by 13.6 per cent from 2009 to the following year. The […]
One of Austria’s biggest breweries decided to increase its consumer prices. Ottakringer – Vienna’s major beer firm – said today (Tues) it would charge three to five per cent more for its products. The price hikes will be felt by shoppers from March, according to business experts. A spokesman for the company claimed that “all […]
Federal Railways (ÖBB) and Westbahn have broken their promise not to engage in a price war. ÖBB chief Christian Kern explained in several interviews his company would focus on better quality and customer service in its attempt to weather the intensified competition on the tracks between Vienna and Salzburg. Westbahn executive manager Stefan Wehinger promised […]
A whole herd of sheep has been reported as stolen in Lower Austria. A Langenlois-based farmer informed the local police force that his 65 sheep have disappeared. Officials said today (Fri)that he got in touch with them on Wednesday. The animals are worth around 16,000 Euros, according to a spokesman for the police in Krems. […]
A watchdog is taking Austria’s leading organisers of post-graduation holiday bashes to court for “aggressive alcohol advertisement”. Tens of thousands of young Austrians are going on holiday for one or two weeks each summer after passing their final exams – called Matura – before starting university studies or traineeships. An increasing number have spent all-inclusive […]
A Swiss man plans to sue Austrian casino bosses for being denied 43 million Euros after allegedly hitting the jackpot. Behar Merlaku said he won the money at a slot machine at a casino in Bregenz, Vorarlberg, last March. However, operator Casinos Austria refused a payout, claiming that technicians discovered a software error. The company […]
The new Austrian Airlines (AUA) board chief has revealed plans to “create new alliances”. Jan Albrecht – who was elected by the supervisory board of AUA and its parent firm, Germany’s Lufthansa, yesterday (Thurs) – said he saw “a good opportunity” to approach the new heads of Flughafen Wien AG (FW) about how to cooperate […]
A trailer containing more than 20 tons of ketchup and mustard has been stolen in Lower Austria at the weekend, it emerged today (Mon). The articulated trailer, which was reported missing by a company, contained 21 tons of jars and bottles of ketchup and mustard. It disappeared from a car park near Stockerau owned by […]
Austrian construction company Strabag SE has taken over a port and hydro power and building technology specialist in full. The Vienna-based firm acquired a 70 per cent interest in Josef Möbius Bau AG (Möbius) four years ago. The company, which has its headquarters in Hamburg, carried out projects worth 150 million Euros in 2007, according […]