8 Personnel expenses

CHF thousand

2020

2019

 

 

 

Personnel expenses

–70,157

–76,166

Wages and salaries

–55,035

–57,959

Social security costs and other personnel costs

–15,122

–18,207

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.

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