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8 Personnel costs

 
 20082007Change
Wages and salaries233,617214,80018,817
Social security contributions73,65669,8843,772
Employee leaving indemnity2,114-4,1156,229
Other costs21,69120,3431,348
Total331,078300,91230,166

A total comparison was made between the personnel costs of the two years, taking into account extraordinary and non-recurring effects generated from the application of new regulations to the staff severance fund. For the latter item, the positive impact on the income statement for the previous financial year, as indicated in note 29, derived from the curtailment value (Euro 16,816 thousand), net of actuarial gains/losses (- Euro 11,538 thousand), for a net effect of Euro 5,278 thousand).

The increase in the “other costs” item resulted from the application of the same regulations, which required the booking of higher complementary pension scheme and INPS (Italian social security agency) fund costs.

The average number of employees, broken down by categories, is provided below:

 20082007Change
Executives119                    1109
Managers302                    27725
White-collar2,952                 2,692260
Blue-collar3,106                 3,130-24
Average number6,4796,209270

The total, average, per capita cost of labour in the financial year 2008 was Euro 51 thousand higher than in the same period in the previous year, an increase of 5.45%.

As at 31 December 2008, the effective number of employees was 6,391 units. This represents an increase of 277 units compared with the same period of the previous year, mainly due to the integrations of Sat Spa and Megas Spa effective 1 January 2008.

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