Magna founder Frank Stronach has claimed his decision to withdraw from day to day decision-making will not have unpleasant effects on his home provinces “car cluster”.The 77-year-old businessman recently decided to accept a multi-million payout for losing his voting rights at the Austrian-Canadian car parts maker.Stronach reportedly received around 800 million Euros after accepting his […]
Vienna tops NGV registration ranking
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The number of natural gas-operated cars is on the rise, new figures have shown.Statistik Austria announced today (Mon) there were more than 5,500 natural gas vehicles (NGV) in the country. The agency said 320 NGVs were registered in the first half of this year.Viennese energy supplier Wien Energie stressed the capital made first place compared […]
VIA hit by leaked RH Skylink report
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Vienna International Airport (VIA) decision-makers are under fire after details of an Audit Office (RH) investigation into the delayed construction of a new terminal were revealed.Viennese daily Kurier reports today (Mon) that bosses at Flughafen Wien AG the firm which manages the airport failed to react instantly when first technical difficulties with submitted […]
One in five companies are affected by business felonies, according to an internationally-linked detectives body.Karl Stephan Novak of the European Detectives Association (EURODET) said today (Fri) around 20 per cent of companies with more than 250 employees have become victims of business crimes.Novak who stressed that the dark figure was expected to be significantly […]
Vienna police have announced plans to cooperate with the citys hotels more closely in a bid to tackle crime.Police official Walter Hladik said today (Fri) they would get in touch with all four and five star resorts in eight of capitals 23 districts to create tighter connections in an attempt to cut down the number […]
Doomed Triumph staff to work part time
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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 […]
Spar Austria reports turnover increase
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Spar Austrias turnover edged up year on year in the first six months of 2010, it has been announced.The company announced today (Mon) net turnover rose from 2.35 to 2.44 billion Euros, adding that earnings before interest and taxes (Ebit) improved from 36 to 39 million Euros.Spar Austria also said earnings before interest, taxes, depreciation […]
Fire-fighting equipment producer Rosenbauer International AG had a good first half of the year as business figures presented today (Fri) show.The company headquartered in Leonding, Upper Austria, managed to increase turnover by 14 per cent to 274.5 million Euros year on year, while earnings before interest and taxes (Ebit) rose by 33 per cent to […]
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 […]
The company running Vienna International Airport (VIA) may launch legal action against firms hired to build a controversial new terminal, it has emerged.Flughafen AG said today (Thurs) it was negotiating with its legal team over whether to call for compensation from companies hired to build Skylink, a terminal that was set to open in 2008. […]