Air Berlin has suffered losses last year, according to estimations made yesterday evening (Weds).The airline, which cooperates with Austrias FlyNiki, announced its could have suffered operative losses “of a one-digit million-Euro sum”. Air Berlin explained the extreme winter weather in November and December and the strike of air traffic controllers in Spain last month were […]
Austrian lingerie manufacturer Palmers has warned it will try to withdraw the takeover of rival Lejaby amid suspicions its previous owner gave wrong information about its finances.Palmers boss Thomas Weber told business magazine Trend his firm was considering approaching US American Warnaco Group to discuss chances for a retroactive reduction of the takeover price of […]
Oil and gas company OMV has withdrawn most of its staff from Tunisia, it has been reported.Dozens of people have died since last week when thousands of citizens took to the streets to demonstrate against the North African countrys regime.OMV told the Salzburger Nachrichten newspaper today (Thurs) that 54 of its 66 employees have preliminary […]
Struggling A-Tec Industries AG (A-Tec) has sold another subsidiary company as it tries to get back on track.The company, which opted for controlled bankruptcy last October, announced today (Mon) that it decided to sell Dörries Scharmann Technologie GmbH (Dörries Scharmann) to internationally operating technology company StarragHeckert.Reports have it that the Swiss company is ready to […]
Automotive industry supplier High Tech Industries AG (HTI) has been contracted to produce interior parts for the production of a Porsche model.The Upper Austria firm, which is based in St. Marien bei Neuhofen, announced today (Mon) that it has agreed with the German car maker to withhold the value of the order.HTI added its plant […]
Westbahn boss Stefan Wehinger has said he hopes to make a profit five years after the new railway firm goes into operation.Wehinger said today (Tues): “We expect to achieve operative profits after five years. I have to say that I think many of those who have been in the business for a long time are […]
Austrian businessman Wolfgang Ruttenstorfer has decided not to reapply for a place on the supervisory board of Swiss healthcare company F. Hoffmann-La Roche Ltd. (Roche).Ruttenstorfer, who has headed Vienna-based oil and gas group OMV for eight years, entered Roches supervisory board in 2007. The Swiss health industry giant will decide on who will follow the […]
Infineon Austria head Monika Kircher-Kohl has joined the supervisory board of Siemens Austria.The company, a subsidiary firm of German technology and health industry firm Siemens AG, said today (Mon) that Kircher-Kohl and Austrian Industries (IV) General Secretary Markus Beyrer will succeed Albert Hochleitner and Johann Haider.Infineon Austria, the Austrian branch of German semiconductor producer Infineon […]
Vienna murder squad detectives have launched and investigation after the body of a man was found at a company site this morning (Fri).Officials said the male corpse was discovered at the property of a rubbish disposal firm in Penzing district. They said its identity has not been clarified yet, adding that foul play could not […]
A group of leading businessman has publicly backed OMV boss Wolfgang Ruttenstorfer who faces legal action for alleged insider trading.The entrepreneur, who has headed the oil and gas company since 2002, will be in court in January after the state prosecution decided to press insider dealing charges.Ruttenstorfer acquired OMV stakes worth 632,000 Euros in March […]