• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - Johnny\'s Pub Quiz
• Vienna - Unknown Underground
• Vienna - Cats
• Vienna - Andy Warhol
• Vienna - Laser Tag

© Mobilkom Austria / Roland Unger

10. 03. 10. - 13:00

• more Business news
• RSS Feed Business

10. 03. 10. - 13:00

TA 'has a personnel problem'

Telekom Austria (TA) has too many people doing pointless jobs but at the same time has 600 in-house jobs that no one wants, according to its chief Hannes Ametsreiter.

He added yesterday (Tues) that there was also little interest among TA’s employees in transferring to the Interior Ministry to do administrative police work.

Ametsreiter said that personnel costs, 50 per cent of TA’s total costs, had been rising by 20 to 30 million Euros annually. Employees totaled 16,573 at the end of 2009. TA would focus on raising its market share and cut costs, he added, but stressed there was no need for concern since the firm did not have any liquidity problems.

Ametsreiter reported last month that preliminary figures showed a decrease in TA’s turnover but an increase in its operating earnings in 2009.

Turnover declined by 7.1 per cent year on year to 4.802 billion Euros, but earnings before interest and taxes (Ebit) rose by 185 per cent year on year to 343.9 million Euros.

Earnings before interest, taxes, depreciation and amortization (Ebitda) increased to 1.749 billion Euros last year, and earnings per share rose to 0.22 Euro from minus 0.11 Euro in 2008. The firm’s net debt fell by 9.5 per cent year on year to 3.615 billion Euros.

Ametsreiter said: "We had respectable results in 2009 despite very difficult business conditions. We focused on effective cost management in both segments and a reduction in operating expenses. In that way, we cushioned the impact of lower turnover on Ebitda."

He added that TA expected 2010 to be a difficult year for its business in southeastern Europe and it would not engage in a massive expansion of its glass-fibre infrastructure there but rather would concentrate on increasing its cash-flow.

He added the firm’s dividend would remain at 0.75 Euro a share through 2012.
The Austrian State has a 27.4 per cent stake in TA.

Austrian Times

Related articles: crisis

1. Austrian economy recovers, says OECD

   » Business 2012-05-23

   The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).

2. AUA rules out Whitsun travel chaos

   » Business 2012-05-23

   The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.

3. Pröll outpaces friends and foes in capability check

   » General News 2012-05-23

   Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.

more related articles tagged "crisis"

AUA rules out Whitsun travel chaos
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.

Weak start for RWR Card
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).

Pröll outpaces friends and foes in capability check
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.

Foul-mouthed MPs might face fines
Fritz Neugebauer has started another attempt to introduce a system of fees for abusive parliament delegates (MPs).

Car sharers should get cheap U-Bahn tickets say greens
People who support the environment by signing up for car sharing initiatives to cut down inner city congestion should get subsidised public transport.

Film festivals in Vienna
There are two film festivals back to back in Vienna this May and June. The "Let's CEE Film Festival" shows films from Central and Eastern Europe, while the "Vienna Independent Shorts" focuses on short films.

Salzburg builds new prison
Salzburg is to get a new prison.

Postwoman killed by express train
An 32-year-old postwoman was killed instantly when she apparently failed to see a stop sign on a train track - and was hit by a 120 kph express train at the Grimmenstein sortage depot in the Lower Austrian region of Neunkirchen.

Dirty water caused by excrement
Health experts are struggling to find the source of excrement that has contaminated water supplies at the town of Köstendorf in Salzburg province.

Man Utd chase Austrian ace
Manchester United have signalised interest in David Alaba.

Jobs in Austria