Austria's crisis labor market: 384,000 without a job - what now?

Austria's crisis labor market: 384,000 without a job - what now?

Laimgrubengasse 10, 1060 Wien, Österreich - The labor market situation in Austria has achieved an alarming turning point. According to the current figures, unemployment increases to 384,000, which corresponds to a significant increase of 8.9 percent. The unemployment rate rose to 7.1 percent in November. Christoph Neumayer, General Secretary of the Industrial Association, demands immediate measures: "The weak economy and high costs are massively burdening the labor market. It is now urgently needed to relieve taxes and bureaucracy to strengthen the location and to secure the location," he explained and emphasized that this negative trend in the domestic industry could last for several months, as APA-OTS reported.

The economic conditions are currently extremely challenging for the manufacturing sector, which is already in the third year of the recession. Neumayer demands a profound reform shock to secure competitiveness and get Austria out of this downward spiral. "The companies stand with their backs to the wall and urgently need relief and planning security," said Neumayer. It is insisted on a drastic reduction in non -wage costs and energy expenses to reduce the pressure on the companies.

state responsibility required

The challenges on the labor market require urgent and determined political reactions. As the Statistics of the employment agency not only shows the development of unemployment, but also an urgent need for structural Reforms. The health and economic issues are inextricably linked; Therefore, a quick action is essential to minimize the negative effects on the labor market and to regain the trust of the population.