Values and leadership
The „One Vossloh“ guiding principle is gathering steam. Following a successful restructuring, a focus on rail track and the inclusion of sustainability in corporate values and the corporate strategy, Vossloh is working on a new conception of the Group for internal and external communication. Three leadership principles were established as part of the Group-wide sustainability initiative at the end of 2021: “we create value for Vossloh”, “drive constant improvement” and “we are close to our people”. These value-based guidelines apply in equal measure to management and all employees at Vossloh. Indicators were defined in 2021 to provide a transparent process for determining whether decisions are made in line with these leadership principles. Training sessions on this topic were held throughout the Group in 2022 accompanied by a communications campaign. By the end of 2022, over 80 percent of all managers at the company had completed training on the leadership principles. A two-day workshop on how to give customers the best possible impression of Vossloh was also offered to sales employees in all business units.
A uniform Group-wide talent and succession planning process was introduced in 2021 and rolled out globally over the course of 2022. Roundtables were held in all units, at which members of the top two management levels evaluated the workforce according to the new specifications.
The company intends to provide additional training on both the values and leadership principles and the talent and succession planning process in 2023. Managers and employees are supported with a blended learning approach consisting of e-learning, training courses and case studies to facilitate knowledge sharing. In the future, annual follow-ups involving the People Review Process (PRP) and roundtables will check that both topics are achieving the intended impact.
The general rules for working at Vossloh are summarized in a Code of Conduct that each and every employee is required to sign upon joining the company. The principles of conduct set out in the Code of Conduct form a binding yardstick and benchmark for the day-to-day activities of all employees.