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Overseas subsidiaries of Austrian companies now employ more than 1 million people

October 10, 2018

The number of businesses in Austria owned by foreign companies has risen slightly, while the number of international subsidiaries of Austrian firms has remained more or less the same.

The importance of Austria in international commerce continues to rise, as is shown by data for 2016 analysed by Statistics Austria . Some 10,800 Austrian firms belong to an international parent (up 1% on 2015), while the number of international subsidiaries of Austrian firms remains relatively constant at 5,900 (up 0.3% on 2015).

International companies were found to employ approximately 595,000 staff in Austria and turned over a total of EUR 246 billion, bringing some 19,000 additional jobs (+3.3%) to the Austrian labour market. Foreign subsidiaries of Austrian companies (those with more than 50% Austrian ownership) accounted for 1.08 million jobs and achieved a total turnover of EUR 381 billion (+7.5%).

Austrian companies’ involvement abroad was concentrated on EU countries, with Germany leading the field and employing a 10.8% share of foreign subsidiaries’ total workforce. Between 7.1% and 9.3% of the foreign subsidiary workforce was based in each of Romania, Hungary and the Czech Republic, with Poland accounting for a further 5.2%, the UK for 4.8%, Slovakia for 4.7%, Bulgaria and France for 2.6% each and Croatia for 2.5%. Another 4.8% were based in the USA, 4.2% in the Russian Federation, 3.2% in China and 3.1% in Ukraine.

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Statistics Austria