(Un)employment in Austria by David Wechselberger

Definition: Unemployment is the condition of not having a job, often referred to as being "out of work". Being unemployed makes it nearly impossible to meet financial obligations such as purchasing food for one‘s familie and paying one‘s bills.

Austria‘s raising unemployed rate although Austria has one of the lowest unemployed rates in the EU it is the only country whose unemployed rate is permanantly increasing. Austria nearly managed the goal of Lisbon: employing 70% of its population and it managed employing 60% of its women.

Facts: 3 million people living in Austria 1.6 million men, 1.4 million women 5.2 % unemployed Only 15 % of the unemployed people are looking for work

Reasons: Bad education Laziness Age Illness Disability

Outsourcing Textile companies moving from Austria to China or Taiwan Components producing companies of the automobile manufacturers moving from Austria to countries like Brasil Korea or India

Reasons: cheaper workers more workers available more skilled personal Joint Venture economic boom Material supply

Governmental steps: Contracts with Austrian companies Passing laws that make it illegal for workers to work longer than 10h a day. Creating new jobs f.e. in promoting public building construction like roads etc.

Work times, salaries and Pension benefits: Work times: Normally 40 hours a week Sometimes 38 and a half a week

Salaries: are paid 12 times a year two special payments, usually in December and Julie special payments are lower taxed than regular working hours normally 6 weeks of paid holidays a year

Unemployed subsidies: You are entitled to get unemloyed support if you have worked for at least one year 50 to 70% of the last net pay lasts only for 7 months After 7 months -> Support programmes diminish monthly income

Pension Benefits: working to the age of 65 (men) or 60 (women) only 10% of men and 50% of women work up to that age, because of pension funds or disability 2/3 paid by employers and 1/3 by employees

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