Car industry supplier Polytec is considering laying off staff despite a rise in earnings and turnover.The Upper Austrian company, which has its headquarters in Hörsching near Linz, said today (Weds) that company turnover rose by 26.9 per cent to 550.2 million Euros year on year in the first nine months of 2010.Polytec added earnings before […]
Provincial political leaders are set to turn their guns on Lufthansa following revelations that the aviation firm is to axe its Linz Munich service.Local newspaper Oberösterreichische Nachrichten reports today (Tues) that the German company will stop offering flights between Blue Danube Airport in Linz, Upper Austria, and the German city of Munich as of […]
Telekom Austria (TA) is to fully take over a leading Belarusian mobile communications firm, it has been announced.TA, which has 16,000 employees and more than 21 million customers across Europe, said today (Tues) it finalised the purchase of 100 per cent of Minsk-based Velcom.The Austrian company headed by Hannes Ametsreiter already acquired 70 per cent […]
Federal Railways (ÖBB) boss Christian Kern has claimed now was the “last chance” to get the debt-stricken firm back on track.Kern said today (Thurs) he expected developments similar to the processes in the aviation industry to occur in the railway business. The ÖBB CEO who took up office in June also referred to […]
Traffic on a major railway route in Tyrol had to be closed down this morning (Thurs) after workers discovered a leak in a rail tanker.Federal Railways (ÖBB) announced that staff had noticed gas escaping from a wagon at Kufstein station. Officials decided to evacuate the venue and halt traffic for around an hour as a […]
Employees at underwear and lingerie manufacturer Triumph International AGs Hartberg factory will work part time for the next few months, it has been revealed just weeks after firm chiefs announced plans to lay off everyone.The internationally operating Swiss firm said in June that all 291 staff would be made redundant by 31 October when the […]
Organisers of the Frequency Festival are in hot water after a firm assigned to clean up after last weekends mega event has been accused of illegally employing most of its staff.A special unit formed by finance ministry officials and police found out that 48 of the 53 workers hired by the company to clean up […]
Styrian electronic products manufacturer Seidel Elektronik said it hoped for pre-crisis business figures for this year as it employs more staff than ever before despite difficult economic circumstances.The Deutschlandsberg-based firm said today (Thurs) that with 342 now on its books, it currently had more employees than ever, adding that it was currently looking for additional […]
More than 100 workers are facing the axe after an American car parts maker announced it is set to close its Austrian factory next month.Lear Corporation said today (Tues) it will shut down its site in Köflach, Styria, on 24 August.Styrian Social Democratic (SPÖ) Deputy Governor Siegfried Schrittwieser said he offered the 120 affected employees […]
The Austrian textiles industry is hoping for better times ahead after registering a dramatic decline in turnover last year.Official figures presented today (Fri) show the industry was confronted with a 20 per cent year on year drop in turnover in 2009 to 2.05 billion Euros. Statistics also show that the number of staff employed in […]