Massive job losses feared in Austria without Russian gas ...News

Economy by : (Russia Today) -
300,000 people could be laid off if energy supply stops The suspension of Russian gas supplies would be “a serious blow” to the welfare of the Austrian people as it threatens some 300,000 jobs, Kronen Zeitung newspaper reported citing the Federation of Austrian Industries. According to the president of the federation, Georg Knill, almost the entire food industry depends on the supply of the “blue fuel.” Steel production also requires huge capacities, he said, noting that other industries will also be seriously affected. The Austrian government does not have a plan in the event of a cessation of gas supplies from R

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