Employees

Employee numbers higher due to expansion of service business

On June 30, 2007, ThyssenKrupp had 189,260 employees worldwide, a rise of 1,674 or 0.9% compared with the end of the last fiscal year. While workforce figures in the Steel, Stainless and Technologies segments remained largely stable, there were significant increases in the service-related segments Elevator and Services.

The higher headcount resulted primarily from the expansion of activities outside Germany, where 104,699 people were employed at the end of June. This was 1.1% more than at September 30, 2006 and raised the percentage of the workforce outside Germany to 55%.

In Germany, employee numbers rose by 0.6% to 84,561. This means that 45% of the workforce is employed in Germany.

ThyssenKrupp employee share program

In April 2007, some 81,600 employees at over 150 German subsidiaries were given the opportunity to acquire ThyssenKrupp shares on special terms for the fifth time. Around 45,600 employees decided to purchase employee shares, representing a participation rate of 56%.

The employee share program is based on the so-called 50/50 model, i.e. the employee pays 50% of the price of the shares and the remaining 50% is paid by the employer. Under German tax law, the 50% employer allowance is free of tax and social security contributions up to €135. The applicable share price on May 14, 2007 was €41.35. Each package of shares included six shares and was worth €248.10. Under this year's program, employees bought a total of 274,000 shares worth €11.3 million. The Group incurred costs of €6.1 million.

In the 3rd quarter of fiscal 2006/2007, a third share program was also carried out in France. Around one in two of the roughly 6,000 eligible employees purchased ThyssenKrupp shares.