The young economy of Carinthia warns that a possible reduction of working hours, as envisaged by the trade union and the SPÖ, could have serious consequences for our economy.
The two state presidents, Nika Basic and Martin Figge, and their deputy, Christoph Frierrs, even describe such a measure as an “economic death sentence” for young companies. “Short-time working may seem attractive at first glance, but we should not overlook the fact that they can have a significant economic impact,” emphasizes Figge. “If we shorten working hours, we automatically risk prosperity in Austria.”
Nika Basic warns against the effects, especially in the start-up phase of young companies. “A reduction in working hours could reduce the incentive to perform and hamper young companies in their development,” explains Basic, demanding: “Performance must once again be worthwhile.” exacerbate bottlenecks.”
The Junge Wirtschaft Kärnten calls on the political decision-makers to take equal account of the interests of employees and companies when making future decisions, as Austria is already in the middle when it comes to actual working hours, which are also decreasing.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
