Austria: after the sale of their bank to an investment fund, trade unions are anxious for their future

A "trade-union Monopoly" - Ironically, it is precisely when the ÖGB, which is trying to improve its image, has just sold its bank and the building of its headquarters, that the Confederation decided to launch a parlour game entitled "Fair play". Visually, it looks like the Monopoly. But instead of creating a real empire, “Fair play” proposes to develop work's councils. In order to do this, it is necessary to answer questions regarding the world and the industrial legislation. The winner is that which manages to be appointed president of the general Work's council.
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e daily Viennese newspaper “der Standard” (20.12.2006), that the ÖGB should not be obliged to file for bankruptcy: “We will survive, but to which level, I don’t know”, he specified. From the 3.2 billion euros of the sale, the ÖGB will get 2.6 billion, an amount close to that of its debts. But the lingering question of how to finance the supplementary pensions of ÖGB civil servants has yet to be answered, just as how to reduce the operating expenses of the confederation by 30 million euros a yea

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