High labor costs, expensive energy and the collapse of demand in various sectors – all this is pushing more and more domestic industrial companies into trouble. Representatives from Upper Austria and Lower Austria are now accountable to the future federal government in clear terms.
A new austerity course at automotive supplier Stiwa, the decision to close the Kiefel packaging plant in Micheldorf, the decision of W&H to close the competence center for plastics in Schalchen – apart from the turbulence surrounding Pierer Mobility, the recession and upheavals in individual sectors are increasingly causing more deeper consequences Traces in the economy, which costs jobs.
“It’s now about the heart of the matter”
“In the more than 50 days since the National Council elections, manufacturing jobs have been lost every day and will never come back. For one job lost in industry, two more are added at suppliers and service providers,” says Joachim Haindl-Grutsch. The director of the Upper Austrian Industrial Association demands a short-term site rescue package from the new federal government: “It is now a matter of getting things in order for our industrial site.”
“Real restructuring instead of further reforms”
Kari Ochsner, president of the Lower Austrian Industrial Association, calls for a realignment of Austrian industrial policy: “There is no need for further reforms, but rather for a real restructuring of site conditions, which must finally be made sustainable again .”
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.
