Personnel expense
In CHF million | 2013 | 2012 | Change | |||
---|---|---|---|---|---|---|
Salary and wage costs | 2,132 | 2,058 | 3.6% | |||
Social security expenses | 224 | 222 | 0.9% | |||
Pension cost | 269 | 62 | 333.9% | |||
Restructuring costs | 6 | 68 | –91.2% | |||
Other personnel expenses | 75 | 75 | – | |||
Total personnel expense | 2,706 | 2,485 | 8.9% | |||
Thereof personnel expense in Switzerland | 2,440 | 2,216 | 10.1% | |||
Thereof personnel expense in Italy | 227 | 233 | –2.6% | |||
Thereof personnel expense in other countries | 39 | 36 | 8.3% |
Personnel expense increased by CHF 221 million or 8.9% year-on-year to CHF 2,706 million. The prior-year figure contains a reduction of CHF 157 million due to a one-off non-cash pension plan amendment as well as restructuring costs of CHF 68 million. Discounting these special effects and adjusting for acquisition of subsidiaries, personnel expense increased by 2.9%, with employees in Switzerland accounting for CHF 2,440 million (prior year: CHF 2,216 million) or 90.2% of the total (prior year: 89.2%).
See Report