The „Stahlstiftung“ (Steel Foundation) was founded in Linz, Austria in 1987, as an employee foundation. It’s task was and remains to provide former employees of the previous VOEST-ALPINE Group, as well as employees from a number of companies outside of the Group, who had to leave due to a crisis, with the opportunity of professional reorientation through up to four years of training and continuing education courses in order to compensate for, or at least alleviate, the impact of the job loss.
In the business year 2017/18, more than 88% of the participants looking for work were able to find new professional perspectives with the help of the Stahlstiftung. As of the reporting date March 31, 2018, a total of 374 individuals were receiving assistance from the Stahlstiftung, of whom 56.7% were former employees of the voestalpine Group. The total number of Stahlstiftung active members in the business year 2017/18 was 676, 12.2% fewer than the previous year’s figure (770 persons).