AUA ex-staff demanding 50m in pension cash

Categories
Finance

Around 200 former pilots and flight staff from the Austrian Airlines AUA  are  threatening legal action in order to get their share of the company’s pension fund paid out in advance. Unless the firm agrees to settle it is looking likely that the first legal case over the demand will take place in February. According […]

Merger to happen on schedule, says Bwin

Categories
Business

Bwin bosses have rubbished speculations that the firm’s 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 Bwin’s bid to start doing business in several new countries.The Austrian firm has been confronted with differing federal […]

TA to buy rest of its Belarussian subsidiary

Categories
Business

Telekom Austria (TA) is planning to buy the remaining 30 per cent interest in its Belarussian subsidiary Velcom at the end of 2010, according to today’s (Tues) edition of the newspaper WirtschaftsBlatt.According to the paper, the remaining interest might cost as much as 500 million Euros and that TA would buy it from Austrian industrialist […]