More than half of Austria’s bigger companies are said to be considering moving their business abroad, according to a new study.
More than half of Austria’s bigger companies are said to be considering moving their business abroad, according to a new study.
Polling institute Hajek conducted a representative survey of managers of Austrian companies with more than 100 employees for the “Infrastructure Report 2025”, presented on November 7 in Vienna by lobbying organisation Future Business Austria.
According to the report, 39 per cent of managers are considering moving parts of their companies out of Austria. A further 17 per cent are mulling relocating entirely.
“The need for action is enormous. Austria is in recession for the second year in a row for the first time since 1945,” said David Ungar-Klein, one of the authors of the study.
The main reasons cited were excessive taxation (mentioned by 57 per cent of respondents), a shortage of qualified labour (41 per cent), high energy prices (34 per cent), rising prices in general (33 per cent) and excessive bureaucracy (30 per cent).