Austria's Business Climate Brightens Further

KEY LABOR AND BUSINESS REGULATIONS RELAXED

Driven by the desire to bolster the economy and create jobs, Austrian political leaders are taking additional steps to improve the nation's business environment. The first round of regulatory reforms involves flexible work schedules and longer retail operating hours, as well as a relaxation of rules governing trade licensing. With regard to regulatory issues in the various fields of biotechnology Austria has gained greatly in reputation and professionalism.

Here Are The Initial Reforms At A Glance:

FLEXIBLE WORK SCHEDULES:

Regulation of flexible work schedules is based on the governing collective bargaining agreement, but individual businesses and their workers councils can set their own rules at the company level. The calculation period for averaging work hours can stretch to up to a year (in exceptional cases, more). Within this time period, hours must average out to the agreed upon regular work week.