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Austria's companies in distress: alarm call about massive cost explosions!
From 2025, Austrian companies are threatened with high cost increases. 180 companies are calling for political solutions to secure jobs.
Austria's companies in distress: alarm call about massive cost explosions!
Austrian companies are facing a dramatic future: from January 1, 2025, there is a risk of massive cost increases that could endanger their existence. High wholesale prices, increased network fees, the return of taxes to pre-crisis levels and increased CO₂ pricing are putting an enormous strain on the economy. In addition, the German gas storage levy, which violates EU law, causes gas import prices to increase by 5-7%. In an open letter, 180 companies sound the alarm for help and appeal to politicians to take immediate measures to prevent production relocations and job losses oecolution austria reported.
The situation is particularly worrying at well-known companies such as Volkswagen, ThyssenKrupp and Bosch. These industry giants are planning billions in cuts and drastic job cuts in order to survive the current crisis. Germany as a business location is severely affected and politicians are under pressure to act quickly. Politically, the parties agree on their analysis of the situation: reducing bureaucracy could serve as a solution that saves time and money, while different approaches to supporting companies are being discussed. Tagesschau highlights that the SPD plans to cap network fees and thus respond to the industry's concerns. Chancellor Olaf Scholz announced that he would introduce a network fee cap and also promote direct subsidies for industry.
Urgent need for action
The warnings from companies are clear: energy costs must not undermine the basis for economic success, as the managing director of oecolution, Elisabeth Zehetner, emphatically emphasizes. “A strong economy is a prerequisite for financing our welfare state and necessary investments in climate protection.” The calls for national unity come at a critical time when structural reforms are urgently needed in both Austria and Germany in order to stabilize the economic situation and secure the future of industry.