8 Personnel expenses

 

2019

2018

CHF thousand

 

 

 

 

 

Personnel expenses

–76,166

–73,160

Wages and salaries

–57,959

–57,669

Social security costs and other personnel costs

–18,207

–15,491

To compensate for the future reduction in conversion rates for the occupational pensions of employees in Switzerland, Repower AG made an additional employer’s contribution of CHF 3,087 thousand in the 2019 financial year. The resulting expense is recognised in social security costs and other personnel costs.