Austrian Chamber of Commerce President pushes for further reforms

Martha Schultz, President of the Austrian Federal Economic Chamber (WKO), has reaffirmed the necessity of ongoing reforms within the organization. Addressing the economic parliament, Schultz used a football analogy, stating the WKO is "back in the lead" after the initial phase of its "reform year." She acknowledged that while initial reform steps have been achieved with few "fouls," the chamber's "tarnished reputation" still needs mending.

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We have chosen to shape things. Then reform becomes a new beginning, and from a new beginning, trust also emerges again. And we will remain on the offensive in the second half of our reform year.

Schultz outlined the goal of creating a "modern and efficient interest representation." A primary focus is the gradual reduction of the Chamber Levy 2 (KU2) by 100 million euros annually until 2030. This measure aims to better align the chamber's services with the benefits provided to its member businesses. Schultz, who succeeded Harald Mahrer, emphasized a commitment to proactive engagement, stating, "We have chosen to shape things." She believes that reform leads to progress, which in turn rebuilds trust, and intends to maintain an offensive strategy throughout the remainder of the reform year.

The reform process involves difficult decisions, including the planned reduction of 200 employees out of the current 800 staff members at the WKO headquarters in Vienna. Schultz clarified that this decision is driven by the need for savings, not employee performance. The WKO General Secretariat will also be downsized from four to two leadership positions. "We are scrutinizing every cost factor, restructuring," Schultz stated, aiming to eliminate redundancies. She confirmed that the autonomous regional chambers are involved in this process.

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We are scrutinizing every cost factor, restructuring. Duplication is being eliminated. This program also requires difficult decisions.

Schultz also commented on national politics, expressing support for the government's "double budget" initiative, particularly measures aimed at reducing ancillary wage costs and providing economic stimulus. However, she criticized the banking levy and package tax. Schultz, to applause, declared that inheritance and wealth taxes "will not happen with us."

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Inheritance and wealth taxes will not happen with us.