The number of employees (FTE, full-time equivalents) in the voestalpine Group rose by 0.8% year-on-year, from 51,202 as of March 31, 2023, to 51,589 as of March 31, 2024. The Metal Engineering Division recorded a significant increase as a result of staffing for growth projects. The Steel Division reported a moderate year-on-year increase. By contrast, the Metal Forming Division reduced its headcount in response to the structurally more difficult environment in the automotive supply sector in Germany. The number of employees in the High Performance Metals Division was adjusted to the lower level of capacity utilization in the production plants over the course of the business year 2023/24.
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.
