The voestalpine employee participation plan gives the Group’s employees the opportunity of participating in the development and success of voestalpine by owning shares in the Group. This is implemented either by way of collective agreement solutions (in Austria) or based on annual offers to acquire shares.
The voestalpine employee participation plan was established 16 years ago on November 1, 2000 jointly by the company’s management and the Works Council under the required supplementary collective agreement.
Employees who have voestalpine shares can participate in the Group’s economic success by receiving dividend payments and through possible price appreciation of the shares.
The voestalpine employee participation model is acknowledged and respected all over Europe and has become an important component of voestalpine’s corporate culture.
Currently (as of March 31, 2016), 24,100 active voestalpine employees hold around 23.3 million shares. Together with the 1.9 million “private shares” owned by current and former Group employees, this corresponds to 14.5% of voestalpine AG’s share capital. As a result, voestalpine employees are the second largest core shareholder, giving the company a stable ownership structure.
All 51 Austrian Group companies are integrated into the employee participation plan, as are 70 companies in the Netherlands, Germany, Great Britain, Poland, Belgium, Czech Republic, and Italy. Models for Switzerland, France, and Sweden are currently being developed.