In 1987, the so-called Stahlstiftung (Steel Foundation) was founded in Linz as an employee fund with the aim of providing not only employees of the VOEST-ALPINE Group (as it was called at the time), who had to leave the company due to a crisis, but also employees of companies outside of the Group the opportunity to reorient themselves professionally while undergoing up to four years of training and continuing education in order to offset or at least alleviate the impact of the job loss.
In the business year 2019/20, about 87% of the participants looking for work were able to develop a new professional perspective with the help of the Stahlstiftung.
As of the annual reporting date (March 31, 2020), a total of 334 individuals were receiving assistance from the Stahlstiftung, 69.2% of whom were former employees of the voestalpine Group. The total number of active Stahlstiftung participants in the business year 2019/20 was 546, i.e., 2.5% less than a year earlier (560 individuals). Aside from the participants covered by the Stahlstiftung in its capacity as a classic employee fund, in the business year 2019/20 a total of 62 individuals were supported in connection with educational leave activities.