The Stahlstiftung (Steel Foundation) was founded in Linz, Austria, in 1987. Its aim was to provide employees of the voestalpine Group (as it was called at the time) who had to leave the company due to a crisis, as well as employees of companies outside of the Group, with opportunities for reorienting themselves professionally.
Up to four years of training and continuing professional development are funded for this purpose. In the business year 2023/24, over 84% of the participants looking for work were able to develop a new professional perspective with the help of the Stahlstiftung.
As of the March 31, 2024, reporting date, Stahlstiftung has assisted 229 individuals, 67.7% of whom were former employees of the voestalpine Group. The total number of active Stahlstiftung participants in the business year 2023/24 was 379, which equates to a decrease of 17.9% compared with the previous business year (462 individuals).
The activities of 30 individuals on educational leave were also supported during the reporting period over and above the participants covered by the Stahlstiftung in its capacity as a classic employee fund. Additionally, individual consultations were provided in the business year 2023/24 to a total of 154 employees of the member companies of the Stahlstiftung to ensure their employability.