Adjustments to personnel already had to be made toward the end of the business year 2019/20 in response to COVID-19, and the challenging economic environment made further cuts necessary at the start of the business year 2020/21. Given the economic rebound, however, the number of employees rose slightly in the reporting period’s fourth quarter. on the whole, as of the close of the business year 2020/21 the voestalpine Group had 48,654 employees (FTE) and thus 2.1% less year over year (2019/20: 49,682).
Full-time equivalent (FTE)
A full-time employee corresponds to a full-time equivalent of one, part-time employees are taken into account on a pro-rata basis corresponding to their working hours.