A special supervisory committee held another meeting about the swap business in Linz, which has made high losses. They discussed a guide for the next meetings. The committee will continue to meet for the foreseeable future. In 2007, the city of Linz concluded a form of a rate-interest bet in order to secure an expiring […]
Austrian Airlines (AUA) has failed to find the runway to recovery, latest business performance figures show.The airline sustained a loss of 63.5 million Euros in the first three months of this year, only down slightly compared to the same period of last year (64.7 million Euros).The carrier, which has its headquarters in Vienna, had an […]
Hundreds of jobs in Austria are at risk as Swiss healthcare company F. Hoffmann-La Roche Ltd. (Roche) plans to drastically reduce its costs.The internationally operating company said today (Weds) it planned to reduce its global staff figure by 4,800 or six per cent, adding that its target was to spend 1.8 billion Euros less a […]
A tram driver faces disciplinary procedures for working while being high on drugs.Vienna public transport agency Wiener Linien announced today (Thurs) the 25-year-old was suspended after a drug test showed he steered a line 71 tram under the influence of illegal substances yesterday. The company did not reveal what kind of drugs the man had […]
A huge mammoth made of ice and snow is the latest attraction for young and old at the Galtür ski resort in Tyrol.The sculpture dubbed “Manni the Mammoth”, which is six metres high and 12 metres long, is located on a sea level of 1,584 metres and surrounded by mountains scaling around 3,000 metres. It […]