Austria Launches €6.5M Tourismusfonds to Stabilize Tourism Jobs
The Austrian government has established a significant fund, the Tourismusfonds, to support tourism employees. Endowed with an annual 6.5 million euros, it's housed within the Ministry of Labor. The fund, set to commence on January 1, 2024, replaces previous inflation bonuses and offers tax-free payments of up to 3,000 EUR per year under certain conditions.
Minister of Labor and Social Affairs, Korinna Schumann, expressed delight at presenting this fund. It aims to secure and stabilize employment, provide branch-specific qualifications, and retain necessary workers in tourism. The government's determination to continue its consolidation course is evident, seeking financial stability and room for maneuver in the public budget.
The fund's creation follows a joint reform partnership with provinces and municipalities. It promotes vocational training and better working conditions, aiming for year-round employment in tourism. The Minister Council thanked coalition partners and trade unions for the newly negotiated wage agreement for the public service, marking a milestone in combating inflation.
The Tourismusfonds comes into effect in 2024, replacing previous inflation bonuses. It's a significant step towards supporting tourism employees and promoting vocational training. The government's focus on financial stability and reform, along with its commitment to combating inflation, is clear. In the fall, the Minister Council will also address fraud in the tax system.
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