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.