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Principles of the voestalpine Group’s compensation policy

Employees’ total compensation is paid, for one, in the form of a fixed salary in line with market conditions and, for another, in the form of variable compensation.

The amount of the fixed salary is based on the activities, role, and position of the given employee, as well as their individual experience and expertise. Any relevant statutory requirements and contracts under collective bargaining agreements or works agreements are complied with as applicable. The amount of the variable compensation is contingent on the achievement of stipulated targets. Depending on the given employee’s role, both qualitative and quantitative targets are agreed (in particular EBIT and ROCE). Targets are usually set for one business year at a time.

As far as managing directors and executives are concerned, there are limits on the maximum possible variable compensation and the weighting of targets. Compensation packages for all other employees are determined by each individual company in line with market conditions, taking into account both local practice and local requirements. Various compensation elements are possible, including non-monetary elements:

  • Pension plans (e.g. in Austria, a pension fund)
  • Insurance (e.g. accident insurance)
  • Employer-subsidized meals
  • Coupons

The compensation packages of managing directors and executives always include variable compensation (bonus) and, in some cases, both a pension plan and a company car.

About voestalpine

In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections.


50 Countries on all 5 continents
500 Group companies and locations
52,000 Employees worldwide

Earnings FY 2018/19

€ 13.6 Billion


€ 1.6 Billion


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