The partial state Telekom Austria has announced the dividend for 2019 from 0.21 to 0.23 euros per share. In mid-October 2019, shareholders were still offered 0.21 cents. The company now names the “improved operational and economic development” as the reason for the upward correction works Council speaks vehemently against the increase in dividend out. Holding works council criticizes that there are ongoing massive cuts in the workforce; the management board is initiating one cost-saving and personnel restructuring program after another on behalf of the owners Alexander Sollak, With reference to the cost pressures the employees were fed off with a modest KV increase of plus 2.2 percent. But when it comes to shareholders, “it is not a problem that dividend by 9.52 percent and distribute more than 152 million euros ”.
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