One of Austria's key strengths as a business destination is its highly qualified and motivated skilled workforce for research and development, especially in the scientific sector.
On balance, some 940 employees work for Nestlé in Austria. Vienna is the location of the headquarters of NESTLÉ ÖSTERREICH GMBH and Linz is home to Nestlé’s only Austrian production site.
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Inspite of higher labor costs, the productivity of Siemens Villach is comparable to other Siemens susidiaries in Japan or the USA.
Siemens Austria
After establishing a subsidiary in Austria in the beginning of 2019, the Swiss software specialist Vertec now operates in the entire DACH region.
An international race focusing on the blockchain technology underlying cryptocurrency is currently taking place, not least due to the Bitcoin hype in 2017. Asia and in particular China are a step ahead at present, whereas the USA is somewhat behind. The blockchain industry is still in an embryonic state in large parts of Europe. Find out here why there is still hope and what role Austria is playing.