Tyrol lowest regional unemployment level in EU

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Politics

In comparison to European regions, Tyrol and Salzburg have the lowest regional unemployment. Most unemployment occurs in the regions of Spain and Greece. Tyrol and Salzburg registered an unemployment rate 2.5 percent each in 2012. This was followed by four regions in Germany with 2.7 and 2.9 percent. Upper Austria and Styria are also among […]

Labour market leader urged to increase pension age

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Business

The European Commission (EC) has praised Austria’s employment policies. The EC said yesterday (Weds) other European Union (EU) member countries should examine the Austrian education and traineeship systems to achieve a turnaround as joblessness keeps climbing across the continent. Fewer than 322,000 people were unemployed in Austria last month, according to the Federal Labour Market […]

Austrians concerned about EU unemployment

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Business

Joblessness is what worries Austrians the most, a poll regarding European issues shows. Karmasin asked 500 Austrians to reveal which developments they were concerned about. Around 43 per cent identified unemployment. This means that Austrians fear negative trends in this regard more than anything else when it comes to European developments. European decision-makers are at […]

Higher pension age ‘does not cause rise in joblessness’

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Business

An economist has dismissed claims that a higher pension age means more unemployment. Former Institute for Economic Research (WIFO) chief Helmut Kramer said yesterday (Thurs) it was nothing but a “myth” that the number of young people out of work will rise if the average retirement age increases. “There is no connection between a later […]

Faymann tests tax on financial transactions’ potential

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Politics

Austria is investigating how much money it could generate by a tax on financial transactions, according to Chancellor Werner Faymann. The chairman of the Austrian Social Democratic Party (SPÖ) told radio station Ö1 this morning (Tues) a team of experts were examining the issue for the government coalition of his party and the People’s Party […]

FPÖ protests against pension age project

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Politics

The Freedom Party (FPÖ) has attacked the People’s Party (ÖVP) over its plan to increase the pension age in the coming years. ÖVP Vice Chancellor Michael Spindelegger announced yesterday (Thurs) his party aimed at raising the actual pension age by four years by 2020. He said a bonus system should ensure that people worked longer. […]

Warm weather lowers jobless rate

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Business

The latest labour statistic has dished up good and bad news for Austria’s lawmakers and employees. Around 360,500 people had no job last month, according to Statistik Austria. The agency said yesterday (Mon) this was a decline of 0.8 per cent compared to December 2010. It pointed out that the number of people sitting re-education […]

Austrian jobless rate lowest in EU

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Business

Austria remains Europe’s model pupil as far as unemployment rates are regarded. The country, which joined the European Union (EU) in 1995, had a jobless rate of 4.1 per cent in October, according to research by Eurostat. The agency carries out research for the European Commission (EC). Eurostat said today (Weds) Luxembourg registered the second-lowest […]

Under-fire minister launches €7mn anti-unemployment project

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Business

The opposition has attacked the government over soaring unemployment figures as Labour Minister Rudolf Hundstorfer promises a multi-million Euro support initiative for women out of work. Freedom Party (FPÖ) General Secretary Harald Kickl claimed today (Weds) the coalition was not facing the reality as more than 300,000 people living in Austria had no job last […]

Company foundation figures contradict midlife crisis claims

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Business

New figures debunk myths that businesspeople in Vienna are in midlife crises.The city’s Economy Chamber (WKW) said today (Weds) that, with 21 per cent, more than one out of five people were aged 45 and older when they decided to set up their own companies last year. The organisation explained that the share of those […]