The following table shows the composition of personnel expenses:
|
2023 |
2022 |
|---|---|---|
Wages and salaries |
354,310 |
332,366 |
Expenses for severance payments and gratuity |
7,502 |
21,145 |
Retirement benefit expenses |
9,716 |
8,759 |
Statutory social security expenses |
89,829 |
85,104 |
Other employee-related costs |
9,891 |
9,700 |
Total |
471,248 |
457,074 |
In the 2023 financial year, government grants of EUR 1,087 thousand (2022: EUR 975 thousand) in connection with short-term work assistance of Austria were offset against personnel expenses and recognized in profit or loss. The main condition for short-time working assistance is the temporary reduction of working hours of certain employees. In the 2023 financial year, the Lenzing Group utilized such grants from January to June (2022: October to December).
Severance payment expense chiefly includes expenses for the statutory obligations of Lenzing AG subsidiaries towards their employees, as well as voluntary severance payments and indemnities in the course of restructuring (see note 30).
The number of employees in the Lenzing Group is as follows:
|
2023 |
2022 |
||
|---|---|---|---|---|
Average |
7,751 |
7,833 |
||
As at 31/12 |
7,917 |
7,931 |
||
|
||||
The following table shows the number of employees in Lenzing AG and the Austrian subsidiaries of the Lenzing Group:
|
2023 |
2022 |
||
|---|---|---|---|---|
Hourly workers |
1,757 |
1,783 |
||
Salaried employees |
1,411 |
1,456 |
||
Total |
3,168 |
3,239 |
||
|
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