In the business year 2020/21, voestalpine made personnel reductions in response to the COVID-19 pandemic and the resulting challenges in the economic environment. However, the number of employees started to grow yet again in that business year’s fourth quarter due to the brightening of economic sentiment. This trend continued throughout the subsequent business year (2021/22), because the improvement in order levels required commensurate adjustments in personnel. On the whole, the number of employees (FTE) as of March 31, 2022, rose year over year by 3.2% to 50,225 (March 31, 2021: 48,654).
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.
