Industry in shaking: Austria needs measures to rescue!

Industry in shaking: Austria needs measures to rescue!

Austria's industry is facing a critical turn. After years as a leading industrial country that even left Germany behind, the sector is now confronted with serious challenges. International developments and their own mistakes, such as the high profit distributions, increase the once flourishing area. According to Silvia Hruška-Frank, director of the Chamber of Labor (AK), an active employment policy is essential to save tens of thousands of jobs and successfully on course. These and other measures will be discussed on December 11, 2024 at a press conference in the AK media room in Vienna, as on the Website of APA-OTS announced.

future of industry in danger

The economic decline brings serious consequences. Markus Marterbauer, chief economist of the AK, emphasizes urgency to invest in industry in order to secure competitiveness. Current studies show that Vienna offers numerous opportunities as a location, but also faces major challenges. The cooperation between companies and employment policy could be crucial for the stability of the sector, as is outlined in the results of the Surveys to the Vienna Industry . The discussion about the necessary measures will not only be at the top of the agenda on December 11, but in the coming months.

The upcoming press conference will be of great interest to those who want to follow the strategic decisions for the future of Austrian industry. The live stream for the event is provided on the AK website and questions can be submitted in advance, which promotes transparency and participation.