Austria’s paper industry workers are to get a pay rise.The social partners have agreed a new contract for paper processing industry workers, the umbrella association of paper industry firms said today (Fri).The contract, retroactive to 1 March, will give workers currently on the minimum wage a 1.25 per cent salary increase and others a 1.15 […]
Three-time F1 champ Niki Lauda, who is spearheading a controversial anti drink-drive campaign using graphic images of injured children, has admitted driving drunk.The 61-year-old told German daily Bild today (Mon): “I drove after drinking something a few times 20 years ago. You dont think about the dangers when you are younger.”Speaking about the campaign launched […]
Austrian consumer electronics chain Cosmos is bankrupt after failing to obtain a forced settlement with creditors, according to the Alpine Land Credit Protection Association (AKV).It said prospective investors had decided to take a significantly reduced part of the Cosmos chain, 10 of its 27 stores would be closed and 400 workers would lose their jobs.Bankruptcy […]
By William GreenPower consumption plunged this year amid an industry downturn because of the recession, the Association of Austrian Electricity Enterprises (VEÖ) said today (Tues).VEÖ said the fall reached its lowest point in April, when consumption was down by 10.3 per cent year on year.Declines of 6.1 per cent and 7.1 per cent occurred year […]