10 Best Companies to Work for in Austria

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Best Companies to Work for in Austria

10 Best Companies to Work for in Austria

Austria is home to a vibrant business landscape encompassing a diverse range of industries and renowned companies that are at the forefront of innovation, growth, and employee satisfaction. 

In this article, we unveil the top 10 companies that have earned a reputation as the best employers in the country, offering enticing work environments, competitive benefits, and ample room for personal and professional development. Additionally, we delve into the 10 main industries that form the backbone of Austria’s economy, shedding light on their contributions to the country’s GDP and the vast employment opportunities they present.

Join us as we uncover the companies and industries that could hold the key to unlocking your career potential in Austria.

10 Top Companies to Work For in Austria

Industry: Beverages

Number of Employees: Approximately 12,000

About the Company: Red Bull GmbH is a globally renowned energy drink company that also operates in the fields of sports, culture, and media. It is known for its innovative marketing campaigns, sponsorships, and dedication to extreme sports. 

Why it’s great: Red Bull fosters a dynamic work environment that encourages creativity, teamwork, and personal growth, making it an appealing employer.

Industry: Banking and Financial Services

Number of Employees: Over 47,000

About the Company: Erste Group Bank AG is one of the largest financial services providers in Central and Eastern Europe. It offers a wide range of banking and financial products and services. 

Why it’s great: Erste Group promotes a customer-centric approach, fosters a diverse and inclusive workplace, and provides ample opportunities for professional development, making it a sought-after employer in the finance industry.

Industry: Steel and Technology

Number of Employees: Around 49,000

About the Company: voestalpine AG is a leading technology and capital goods group that specializes in steel production, automotive components, railway systems, and more. 

Why it’s great: The company emphasizes innovation, sustainability, and technological advancement. voestalpine offers its employees excellent career prospects, a supportive work environment, and a commitment to work-life balance.

Industry: Oil and Gas

Number of Employees: Approximately 20,000

About the Company: OMV AG is an international integrated oil and gas company with a strong focus on sustainability and renewable energy solutions. It operates in exploration, production, refining, and marketing of oil and gas products. 

Why it’s great: OMV fosters a culture of innovation, teamwork, and responsibility, providing employees with opportunities for professional growth and a positive impact on the energy industry.

Industry: Automotive Engineering and Consulting

Number of Employees: Over 11,000

About the Company: AVL List GmbH is a global leader in the development and testing of powertrain systems for the automotive industry. It offers engineering services, advanced simulation technologies, and testing solutions. 

Why it’s great: AVL values expertise, collaboration, and continuous learning, creating an inspiring work environment that attracts top talent in the automotive engineering sector.

Industry: Industrial Machinery and Systems

Number of Employees: Around 29,000

About the Company: Andritz AG is a multinational technology group that provides machinery, systems, and services for various industries, including hydroelectric power plants, pulp and paper production, and metalworking. 

Why it’s great: The company focuses on innovation, sustainability, and global collaboration. Andritz offers employees diverse opportunities for professional development, international assignments, and meaningful contributions to sustainable industrial processes.

Industry: Building Materials

Number of Employees: Approximately 17,000

About the Company: Wienerberger AG is the world’s largest producer of bricks and a leading supplier of clay roof tiles and concrete pavers. 

Why it’s great: The company is committed to sustainable building solutions and innovation in the construction industry. Wienerberger provides employees with a supportive work environment, opportunities for career advancement, and a strong focus on safety and quality.

Industry: Information Technology and Services

Number of Employees: Over 5,000

About the Company: S&T AG is a leading provider of IT consulting, system integration, and software development services. It specializes in digital transformation, cybersecurity, and IoT solutions. 

Why it’s great: S&T fosters a culture of innovation, agility, and continuous learning, offering employees the opportunity to work on cutting-edge projects and collaborate with industry experts. With a focus on professional development and work-life balance, S&T is considered a great company to work for in the IT industry.

Industry: Packaging and Paper

Number of Employees: Around 10,000

About the Company: Mayr-Melnhof Karton AG is one of the world’s largest manufacturers of recycled cartonboard and folding cartons. The company serves a wide range of industries, including food, pharmaceuticals, and consumer goods. 

Why it’s great: Mayr-Melnhof Karton prioritizes sustainability, quality, and customer satisfaction. With a commitment to employee development, work safety, and a collaborative work environment, the company offers rewarding opportunities in the packaging industry.

Industry: Utilities (Energy)

Number of Employees: Approximately 2,900

About the Company: Verbund AG is Austria’s leading electricity company and one of the largest producers of hydropower in Europe. The company focuses on generating, trading, and distributing electricity, with a strong emphasis on renewable energy sources. Verbund is committed to sustainability, environmental responsibility, and driving the energy transition. 

Why it’s great: Employees at Verbund have the opportunity to contribute to the advancement of clean energy solutions, work in a dynamic and innovative industry, and benefit from a supportive and inclusive work environment.

10 Main Industries to Work in Austria

1. Manufacturing

Brief Explanation: The manufacturing industry in Austria encompasses a diverse range of sectors, including machinery, automotive, chemicals, electronics, and more. It involves the production of goods and plays a significant role in Austria’s export-oriented economy.

GDP Contribution: Manufacturing contributes significantly to Austria’s GDP, accounting for approximately 15% of the country’s total GDP.

Number of Employees: The manufacturing industry employs a substantial number of people in Austria, with an estimated workforce of over 800,000.

2. Services

Brief Explanation: The services sector is a broad category that includes professional services, financial services, information technology, hospitality, tourism, and more. It encompasses a wide range of businesses that provide intangible products or services to consumers and other industries.

GDP Contribution: The services sector is a major contributor to Austria’s GDP, accounting for approximately 70% of the country’s total GDP.

Number of Employees: The services industry is a significant source of employment in Austria, with millions of people working in various service-related sectors.

3. Wholesale and Retail Trade

Brief Explanation: The wholesale and retail trade industry involves the distribution and sale of goods to consumers. It includes businesses such as wholesalers, retailers, supermarkets, and online retailers.

GDP Contribution: The wholesale and retail trade sector contributes a significant portion to Austria’s GDP, representing around 10% of the total GDP.

Number of Employees: This industry provides employment opportunities to a considerable number of individuals in Austria, with an estimated workforce of over 1 million.

4. Information and Communication Technology (ICT)

Brief Explanation: The ICT industry encompasses businesses involved in the development, production, and distribution of information technology products and services. It includes software development, telecommunications, computer hardware manufacturing, and IT consulting services.

GDP Contribution: The ICT sector is a vital contributor to Austria’s GDP, accounting for approximately 6% of the total GDP.

Number of Employees: The ICT industry employs a substantial number of people in Austria, with an estimated workforce of over 100,000.

5. Construction and Real Estate

Brief Explanation: The construction and real estate industry involves the development, construction, sale, and management of buildings, infrastructure, and properties. It includes residential, commercial, and industrial construction projects.

GDP Contribution: The construction and real estate sector contributes a significant portion to Austria’s GDP, representing around 8% of the total GDP.

Number of Employees: This industry provides employment opportunities to a substantial number of individuals in Austria, with an estimated workforce of over 300,000.

6. Financial Services

Brief Explanation: The financial services industry comprises banks, insurance companies, investment firms, and other financial institutions. It involves providing various financial products and services, including banking services, insurance policies, investment management, and financial advice.

GDP Contribution: The financial services sector contributes a significant portion to Austria’s GDP, representing approximately 8% of the total GDP.

Number of Employees: This industry employs a substantial number of people in Austria, with an estimated workforce of over 150,000.

7. Tourism and Hospitality

Brief Explanation: The tourism and hospitality industry plays a crucial role in Austria’s economy, driven by its rich cultural heritage, natural landscapes, and historical attractions. It includes accommodation, food and beverage services, travel agencies, and entertainment activities.

GDP Contribution: Tourism and hospitality contribute significantly to Austria’s GDP, representing around 8% of the total GDP.

Number of Employees: This industry is a major source of employment in Austria, with millions of people working in various tourism-related sectors.

8. Energy and Utilities

Brief Explanation: The energy and utilities industry in Austria encompasses electricity generation, transmission, and distribution, as well as gas supply and renewable energy production. It plays a vital role in ensuring a reliable and sustainable energy supply for residential, commercial, and industrial sectors.

GDP Contribution: The energy and utilities sector contributes a significant portion to Austria’s GDP, representing approximately 3% of the total GDP.

Number of Employees: This industry employs a substantial number of people in Austria, with an estimated workforce of over 50,000.

9. Agriculture and Food Processing

Brief Explanation: The agriculture and food processing industry involves the cultivation of crops, livestock production, and the processing and manufacturing of food products. It plays a crucial role in ensuring food security, rural development, and export opportunities for Austria.

GDP Contribution: The agriculture and food processing sector contributes a significant portion to Austria’s GDP, representing around 2% of the total GDP.

Number of Employees: This industry provides employment opportunities to a considerable number of individuals in Austria, with an estimated workforce of over 150,000.

10. Pharmaceuticals and Biotechnology

Brief Explanation: The pharmaceuticals and biotechnology industry focuses on the research, development, and production of pharmaceutical products, medical devices, and biotechnological advancements. It plays a crucial role in healthcare innovation, improving patient outcomes, and driving economic growth.

GDP Contribution: The pharmaceuticals and biotechnology sector contributes a significant portion to Austria’s GDP, representing approximately 2% of the total GDP.

Number of Employees: This industry employs a substantial number of people in Austria, with an estimated workforce of over 30,000.

The Best Companies to Work for in Austria

In conclusion, Austria offers a wealth of opportunities for jobseekers, with its top 10 companies and thriving industries paving the way for a fulfilling and successful career. Whether you aspire to work in the dynamic tech sector, contribute to sustainable energy solutions, or excel in the finance industry, Austria has it all. 

Take advantage of the exceptional work environments, growth prospects, and employee-centric cultures offered by these esteemed companies. If you’re ready to embark on your professional journey in Austria, don’t miss out on the chance to explore and apply for exciting job opportunities. 

Visit GrabJobs today and discover a wide range of job openings in Austria across various industries. Your dream career in Austria awaits!

Valentin Berard

COO at GrabJobs. Valentin leads strategic and operational activities regionally. Background in Business Development and Recruitment. Passionate about social innovation, he constantly strives to find solutions to real-world problems through harnessing smart technology. Read more: https://www.linkedin.com/in/valeberard/