Almost 3,000 non-Austrians set up new companies in Vienna in 2010, according to the citys Economy Chamber (WKW).The WKW said today (Weds) that 2,900 bosses of new firms were foreigners, adding that another 5,000 Austrians established their own businesses in the capital in the past year.The organisation announced that the overall number of company foundations […]
Tag: firms
New figures confirm THI AG recovery
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Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]
Illicit work thriving in Austria
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One in four Austrian companies employ unregistered staff, according to a report.The Kronen Zeitung newspaper quotes secret documents today (Tues), claiming that around 25 per cent of checked firms were found employing illegal workers. The daily newspaper reports that more than 11,200 of the overall 67,000 staff at investigated businesses between January and November 2011 […]
Merger to happen on schedule, says Bwin
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Bwin bosses have rubbished speculations that the firms merger with a key rival was suddenly in doubt.Business media reported recently that plans to cooperate with British competitor PartyGaming from next year have been hampered by delays in Bwins bid to start doing business in several new countries.The Austrian firm has been confronted with differing federal […]
Most part time staff kept jobs
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The vast majority of workers in Styria asked to work part time during the economic crisis have held onto their jobs, it has been announced.Thomas Krautzer, head of the Federation of Austrian Industries (IV) Styrian branch, said today (Weds) 95 per cent of the 17,000 staff who were made part time by dozens of industrial […]
Furniture megastore chain XXXLutz bosses have described the firms upcoming expansion to Sweden as an “emotional highlight”.The Wels-based company will open its first shop in the homeland of global market leader Ikea next month. Around 300 staff will find work in the 25,000-square-metre store in the southern city of Malmo from 4 November.Thomas Saliger, the […]
Outgoing Magna co-chief Siegfried Wolf has rubbished claims that his departure will have a negative effect on the car parts makers factory in Austria.Russian billionaire Oleg Deripaska said earlier this month Wolf was set to head the automotive division of his company Russian Machines.The announcement came just weeks after Frank Stronach accepted a multi-million payout […]
Serbia upset as TA eyes Kosovan firm
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Telekom Austria (TA) confirmed today (Tues) it was interested in snatching a stake in a Kosovan telecommunication firm.A spokesman for TA, which leads the Austrian mobile services market, announced the company was one of five firms which have informed the Kovovan government of their interest in the 75 per cent share of state-owned PTK on […]
Anger as Post AG reveals closure details
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Workers union officials are expected to turn their guns on Post AG bosses as details of the firms controversial austerity plans have emerged.The company in which the Republic of Austria has a 52.8 per cent stake through state holding company ÖIAG announced today (Weds) where it planned to shut down post offices.Post AG […]
An Austrian woman on holiday in Croatia received a 37,000-Euro mobile phone bill from Mobilkom Austria for internet roaming charges.The 37-year-old used her smartphone to browse the internet while in Croatia, using 15 gigabytes during her four-week long vacation, according to a Croatian Times report from today (Thurs).Mobilkom Austria reportedly helped its client by wiping […]