In general, employees are well protected and it is not easy to terminate workers at will or randomly. Employment contracts are taken seriously. For example a fixed term contract cannot be terminated early unless there is grievous cause. There is also provision for lifetime and permanent employment as well as employment under a trainee or apprenticeship relationship. Some of the laws that protect worker's rights include the Job Security Act, the Disabled Persons Employment Act, the Maternity Protection Act, and the Paternal Leave Act. For a more detailed understanding of your rights in the event of a job termination, please click here.
In the event that a person has lost his job, there is a good unemployment assistance and benefits system in place. If a person has been contributing to an unemployment insurance for a certain minimum period, has been working for at least 52 weeks and is registered with the AMC, he or she can claim unemployment benefits. The rate of unemployment benefit is calculated on the last wage. An additional income is added if the person has a spouse and children to support. The unemployed person can also ask for an advance on his pension if he so desires. For a more detailed understanding of the benefits, please click here.
Update 16/05/2009
If you want to move money abroad, from Austria or to Austria for example, Fexco provides efficient and secure global bank to bank transfers and bespoke payment solutions for both business and personal clients.
Fexco provides a secure international money transfer service online or by telephone with bank beating fx rates and low fees. Specialises in high-value transfers.
Fexco will help you to keep your overseas money transfer costs to a minimum.
Margin | 0.6% |
---|---|
Regulator | FCA |
Fee | £10 < £5K or Free > £5k |
Mini | £1K |
Ccy | All (130 currencies, incl ‘exotics’) |
Services | Repatriation of funds, Property, Regular payments, High Value payments, spot, online, telephone. |
When you are ready to make your transfer, John and his team will be available to help you with better rates and an unrivalled service to make sure your funds are delivered securely and speedily.