Austria: Apprentices suffer in job market

Article Abstract:

The Austrian government is supplying Sch 100mn for the education of young people in 2001, compared to Sch 260mn in 2000, which made it possible for apprenticeships to be attended outside of jobs by 2000 youths. In 2001 the government funding was helped by financing from the provinces and the European social fund. The government funding will be focused on areas such as Steiremark and Vienna as these areas have a particular problem with the apprenticeship market. The strongest rise in unemployment in Austria the number of unemployed youths in 2001 compared to 2000. In 2001 compared to 2000 the number of apprenticeships available rose by only 3.5%, whilst the number of youths looking for such positions rose by 21.2%. Only 2292 apprenticeships were available and registered by the Arbeitsmarktservice (AMS) . However, the number of youths looking for such a position was 4406. Whilst employees want increased education, companies want to be reimbursed the Sch 2bn paid for education.

Government expenditures, Vocational Schools, Job training and related services, Vocational Education, Job & Vocational Services, Technical and Trade Schools, Vocational Rehabilitation Services, Statistical Data Included, Occupational training

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Austria: Elin/EBG resignations due to VA Tech plans?

Article Abstract:

Klaus Sernetz and Herbert Kaufmann, the managing directors of Elin/EBG are threatening their resignation, following restructuring plans by Austrian based metallurgy company VA Tech. VA Tech which had high losses in plant construction, has now suffered a blow to its more prosperous areas of business. This is due to the coming together of the water technology, Energy, Hydro and Industry service areas under the umbrella of Power & Water. Due to a lack of synergies, Elin/EBG which makes up the majority of the industry service area is against this conglomeration. Elin/EGB, which is a valuable component of VA Tech is keen to expand in its own areas of heating and air conditioning. However, the group top management is likely to deny this strategy due to a lack of financial means.

Heavy construction, not elsewhere classified, All Other Heavy Construction, Germany, Heavy Construction NEC, Executive changes & profiles, Plumbing and Heating, Except Electric, Plumbing & Heating Equip, Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing, Construction industry, Heavy construction, Building materials, VA Technologie AG, Electroblech GmbH

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