Austria: AUA tries to restore to profitability
Article Abstract:
Austrian Airlines, AUA, is facing severe obstacles in its attempt to restore profitability. The executive committees of AUA, Lauda Air, Tyrolean and Rheintalflug are planning to cut staff costs by 15%. They are planning to fire over 900 members of staff, to lower salaries by 7% and to stop taking new employees. The works committees and the HTV, the Austrian trade union of trade, transportation and traffic, do not want to accept these measures and respective negotiations have so far been unsuccessful. On 12 December 2001 the AUA management is to announce a plan on how to tackle the problem.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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Austria: AUA Group restructures management
Article Abstract:
The Austrian Airlines Group (AUA) is to restructure its management as part of its strategy to improve its operating profit by EUR 100mn by the end of 2002. Lauda Air director Klaus Stoger is to direct AUA's financial planning and financing arm, and Lauda-Austrian Charter Marketing is to be shut down as Lauda Air takes on the group's charter business. The company is to abolish 930 jobs and salaries will decrease by 7% to reduce personnel costs by 15%.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 2001
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