VIENNA. Wifo boss Gabriel Felbermayr proposes for the coming autumn wage round to stretch the inflation adjustment over time. Part of the wage agreement could be paid out immediately, another part at a later point in time, so the idea. This would give companies a year or two to adjust to the higher wages. The unions are against it.
VIENNA. In the restructuring proceedings of the insolvent furniture retail chain Kika/Leiner, the first meeting of creditors is scheduled for today at the regional court in St. Pölten. Insolvency administrator Volker Leitner will announce the amount of the previous claims and whether it is in the economic interests of the creditors to continue the company.
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