Human resources and leadership

A committed and inspired workforce is the bedrock of the Company’s long-term success. Vossloh, therefore, attaches great importance to fair labor conditions. Key issues in this regard are equal opportunity, continuing professional development opportunities in all areas, fair remuneration, additional company benefits (above and beyond the statutory and/or tariff-based arrangements), and a motivating working environment. The topics of values and leadership principles were addressed with particular focus throughout the Group last year.

In the area of human resources and leadership Vossloh identified the following five issues as relevant in the 2021 materiality analysis. Two Group-wide initiatives have been defined in this area. Firstly, from 2022 onwards, the Group will introduce new, value-based leadership principles and implement them in the Company. A key element in reviewing the goals set is the People Review Process (PRP) introduced in 2020. Secondly, Vossloh intends to further roll out the Group-wide Diversity, Equality and Inclusion Policy in the 2022 fiscal year. Diversity officers, who not only act as a point of contact but also initiate and implement projects in their own business areas, have been appointed for each business unit.