Historic Vienna Car Parts Factory to Close
The plant began operations in 1982, employing nearly 2,800 people at its peak in the 1990s, but now only 150 remain.
Austria’s Work Rules Discourage Extra Hours
Calculations show that individuals who increase their working hours by 100% in Austria receive only 67.5% more after-tax pay.
Vienna Taxi Checks Uncover Fraud
Targeted inspections were conducted by the financial police and the Ministry of Finance in May and June, uncovering issues such as illegal employment, tax fraud and tax evasion.
Austria Introduces Home Renovation Bonus
The scheme applies from March 1 this year, with the bonus capped at €2,000 for 2024 and €1,500 for 2025. Only one application per person is allowed.
High Bankruptcy Numbers Expected in 2024
Nearly 2,100 business bankruptcies have been filed so far this year, marking the highest number in a half-year period in 15 years.
Half of Austrians Save Their Holiday Bonuses
In addition to travel, holiday pay is used for everyday essentials like groceries or household items, as well as for larger purchases such as cars or furniture.
Austria Guarantees Fair Pay for Disabled Workers
A total of €54 million will be allocated to facilitate the integration of people with disabilities into the mainstream job market.
Tourism Boosts Employment Rates in Salzburg and Tyrol
At the end of June, the unemployment rate in Salzburg was 3.3 percent and in Tyrol 3.4 percent. In contrast, the unemployment rate in Vienna was 10.7 percent.
Austria Surpasses 50 Billionaires
Research shows that six of Austria’s top ten wealthiest individuals inherited their fortunes, consolidating wealth among the country’s richest.
Over 800,000 Registrations for New ORF Fee
ORF Director General Ronald Weißmann previously described up to 700,000 Austrian households as “illicit viewers.”