Change

Note 8 Employee benefits


Salaries, wages and other employee benefits

 

 

 

In € millions

 

 

 

2008

2009

 

 

 

Salaries and wages

(2,322)

(2,147)

Pension and other post-retirement cost

(242)

(363)

Other social charges

(458)

(434)

 

 

 

Total

(3,022)

(2,944)

The increase of pension and other post-retirement cost is due to the related financing expenses of €174 million (2008: €49 million).

Employees

 

 

 

Average number during the year

 

 

 

2008

2009

 

 

 

Decorative Paints

24,100

23,200

Performance Coatings

21,500

20,200

Specialty Chemicals

12,900

13,400

Corporate and other

2,800

1,800

 

 

 

Total

61,300

58,600

At year-end 2009, our workforce had decreased to 57,060 employees (year-end 2008, 60,040 employees). The net decrease was due to:

  • Acquisitions adding 980 employees
  • 3,960 employees leaving, during 2009 mainly due to continued restructuring and realized synergies.

The average number of employees working outside the Netherlands was 53,700 (2008: 56,300).

Salaries, wages and other employee benefits per cost category

 

 

 

In € millions

 

 

 

2008

2009

 

 

 

Cost of sales

(1,098)

(870)

Selling expenses

(1,013)

(1,020)

Research and development expenses

(211)

(206)

General and administrative expenses

(651)

(674)

Net financing expenses related to pensions and other post-retirement benefits

(49)

(174)

 

 

 

Total

(3,022)

(2,944)

Share-based compensation

Share-based compensation relates to the performance-related share plan as well as the performance-related stock option plan. Charges recognized in the 2009 statement of income for share-based compensation amounted to €23 million and are included in salaries and wages (2008: €20 million).

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