Values and leadership

From centrally coordinated but flexible and independently operating units to “One Vossloh” – as a company, Vossloh has undergone fundamental changes in recent years. Following a successful restructuring, a focus on the rail track, and inclusion of sustainability in corporate values and as a key initiative in the revised corporate strategy, a new conception of the Group for internal and external communication was required: What is Vossloh’s vision and mission? What are the core values that shape the Company’s corporate and leadership culture?

In a structured process moderated by Corporate HR, the corporate values, mission and vision, and leadership principles were revised or redrafted together with the Executive Board, business unit management teams and the global HR Community. Among other things, the four existing corporate values – “passion,” “excellence,” “trust and respect” and “entrepreneurship” – will be preserved while a fifth corporate value “sustainability” will be added. In addition, three leadership principles have been established which, however, apply as guidelines not only to management but to all Vossloh employees: “We create value for Vossloh,” “drive constant improvement” and “we are close to our people.” Likewise, defined indicators can be used to check whether decisions are in line with these management principles in a transparent manner. The leadership principles were a central theme of the annual Leaders’ Lounge in December 2021, which was attended virtually by around 100 of the Group’s senior executives from around the world.

A unified talent and follow-up process was developed in 2021 and will be rolled out worldwide in 2022. Between October and November, top management worldwide received training on the vision/mission, values and leadership principles. In December, the entire workforce was informed of this training via video messages. The same process was also conducted in consultation with the representatives of the Group Works Council and presented to the Supervisory Board. Global training sessions will be held in 2022, flanked by a communications campaign.

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.