AUA supervisory board finalises contract correction


Austrian Airlines (AUA) head Jaan Albrecht has promised that customers will not be negatively affected by the firm’s contract reform. The supervisory board of the loss-making carrier decided yesterday (Thurs) to annul the contracts of all pilots and cabin crew employees. AUA bosses hope to save 45 million Euros a year that way. Unionists and […]

Pühringer plans to prevent reduction of subsidies


Upper Austrian People’s Party (ÖVP) Governor Josef Pühringer has put the federal government’s cost reduction course into question. Pühringer said today (Tues): “Everybody who thinks that subsidies could be reduced by billions of Euros is wrong.” The ÖVP wants to reduce the state’s annual spending on private and public companies, cultural institutions and various organisations […]

UniCredit losses put BA under pressure


Bank Austria (BA) chief Willibald Cernko has said he plans to reduce the financial institute’s workforce level to get through the crisis. The banker announced yesterday (Mon) BA would have only 10,000 employees in Austria in 2015, 800 fewer than it had at the moment. Cernko underlined that sackings were not planned. He explained some […]