Distributed profits increased significantly according to the Chamber of Labor

Distributed profits increased significantly according to the Chamber of Labor
According to AK President Stangl, “there is enough money to be able to pay 2,000 euros gross”.
Image: VOLKER Weihbold

This morning, the Chamber of Labor published its annual value creation barometer for 2021. According to the statistics, which are based on the balance sheets of 830 large and medium-sized companies from Upper Austria, was the average per capita value added in the second year of the corona pandemic 105,674 Euro. In a year-on-year comparison, this represents an increase of more than 10 percent. Average personnel expenses were EUR 64,923 per employee, which is the surplus achieved 40,751 Euro.

The survey shows that the average profit distribution by companies in 2021 has increased by around 36.5 percent up 11,877 euros has increased. However, this is still below the record value of 2019 (12,970 euros).

At the same time, investments in property, plant and equipment per employee increased by 21.2 percent compared to 2020 to an average of EUR 13,413. A pleasing development for AK President Andreas Stangl: “Companies are again investing sustainably in the location, which secures jobs in the state”.

Even if the trend towards increased investments is positive for Stangl, the Chamber of Labor demands mandatory, transparent disclosure of all public subsidies in the annual financial statements.

The AK reaffirmed its demand for an increase in the collectively agreed minimum wage to at least EUR 2,000 gross. The barometer shows that “there is enough money to pay for it,” said Stangl. In addition, the AK calls for an excess profit tax and the reversal of the reduction in corporate tax.

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