Employee Participation

At the moment 26,550 employees are holding about 25,5 million shares
with 14.8 % of the voting rights, they are a stable core shareholder of voestalpine AG
only model in Europe that combines international pooling of voting rights with individual share ownership

Since the year 2000, our management and the works council have been engaged in the joint development of an innovative concept that was very ambitious for many at the time. The idea was to let the employees participate in the company through shares owned by them, to turn them into a stable core shareholder by pooling their voting rights, and to allow them to benefit from the success of voestalpine as individual shareholders.

As of March 31, 2024

23900 employees

from 53 companies of the voestalpine Group are part of the voestalpine Employee Participation.

That includes

2650 employees

from 93 companies in 11 other European countries.

More than

26 million shares

are pooled and managed by a private foundation. This corresponds to 14.7 % of the voting rights.

Additionally former employees of the group privately hold about 0,9 million shares which, due to the general bundling of voting rights, represent another 0.5 % of the company’s share capital. Representing 14.8 % of the voting rights of voestalpine AG in total, the voestalpine Mitarbeiterbeteiligung Privatstiftung is therefore a stable core shareholder in Austria, both in terms of voting rights percentage and share value.

14.7 %

percent of the bundeled voting rights in the voestalpine AG make the foundation a stable core shareholder.

10 %

of the voting rights protect our employee participation from a squeeze-out.

For further information about our basic principles of Employee Participation in Austria and internationally, please visit the following webpage: Basic principles of Employee Participation in Austria and internationally

Information about our employee participation

Employee Participation counts on the support of management and works council

Former Deputy Chairman of the Supervisory Board Hans-Karl Schaller and voestalpine-CEO Herbert Eibensteiner

Our management and the works council developed the model jointly, and both are still fully in support of the Employee Participation plan. It is regarded as an example of “social partnership” in action – the internal cooperation between employer and employee for which we as voestalpine are well known.

Around 26,500 employees are currently shareholders of voestalpine AG as part of the employee participation program. This means that they not only participate in the long-term success of the company, but also make an important strategic contribution to the stability and further development of the Group. The strong bond between employees and our company has been and continues to be a success factor. It makes us all proud to look back on more than 20 years of this successful model. I would like to thank the employees for their trust and at the same time state that we see it as our task to further develop employee participation together and secure it in the long term.

Herbert Eibensteiner, CEO of voestalpine AG

The strength of the Employee Participation is particularly evident during difficult times, as it creates a special identification within the Group and because it is obvious proof of the solidarity among all the employees and their commitment to the company. Employee Participation is also an especially important link between the Worker’s Council and the Management Board, which helps us to overcome the current challenges together. Together we will work for a succesful future.

Hans-Karl Schaller, former Chairman of the Corporate Works Council