Electrolux 2005 Annual Report Download - page 72

Notes
68 Electrolux Annual Report 2005
In 2005, the average number of employees was 69,523 (72,382), of
whom 45,321 (48,039) were men and 24,202 (24,343) women. A
de tailed specification of the average number of employees by country
has been submitted to the Swedish Companies Registration Office and
is available on request from AB Electrolux, Investor Relations and Finan-
cial Information. See also Electrolux website www.electrolux.com/ir
under Company overview.
Average number of employees, by geographical area
Group
Geographical area 2005 2004
Europe 34,186 35,623
North America 21,052 21,547
Rest of the world 14,285 15,212
Total 69,523 72,382
Amounts in SEKm, unless otherwise stated
Note 22 Employees and employee benefits
In accordance with the regulations in the Swedish Annual Accounts
Act, in effect as of July 1, 2003, absence due to illness for employees
in the Parent Company and the Group in Sweden is reported in the
table above. The Parent Company comprises the Group’s head office
as well as a number of units and plants, and employs approximately
half of the Group’s employees in Sweden.
Pensions and other post-employment benefits
The Group sponsors pension plans in many of the countries in which
it has significant activities. Pension plans can be defined contribution
or defined benefit plans or a combination of both. Under defined ben-
efit pension plans, the company enters into a commitment to provide
pension benefits based upon final or career average salary, employ-
ment period or other factors that are not known until the time of
retirement. Under defined contribution plans, the company makes
periodic payments to independent authorities or investment plans
and the level of benefits depends on the actual return on those
investments.
In some countries, the companies make provisions for obligatory
severance payments. These provisions cover the Group’s commit-
ment to pay employees a lump sum upon reaching retirement age, or
upon the employees’ dismissal or resignation. These plans are listed
below as Other post-employment benefits.
Salaries, other remuneration and employer contributions
2005 2004
Salaries and Employer Salaries and Employer
SEKm remuneration contributions remuneration contributions
Parent Company 975 480 1,140 659
(whereof pension costs) (193) (187)
Subsidiaries 16,058 4,908 15,874 4,983
(whereof pension costs) (979) (714)
Group total 17,033 5,388 17,014 5,642
(whereof pension costs) (1,172) (901)
1) Includes SEK 10m in 2005 and a net cost reduction of SEK 3m in 2004, referring to the President and his predecessors.
Salaries and remuneration by geographical area for Board members, senior managers and other employees
2005 2004
Board members Other Board members Other
and senior managers employees and senior managers employees
Sweden
Parent Company 32 943 34 1,106
Other 41 866 30 858
Total Sweden 73 1,809 64 1,964
EU, excluding Sweden 127 7,070 127 7,157
Rest of Europe 12 775 16 571
North America 22 5,327 37 5,311
Latin America 27 420 17 323
Asia 17 349 25 368
Pacific 5 964 8 993
Africa — 36 — 33
Total outside Sweden 210 14,941 230 14,756
Group total 283 16,750 294 16,720
Of the Board members and senior managers in the Group, 164 were men and 24 women, of whom 10 men and 5 women in the Parent Company.
Employee absence due to illness
Full year 2005 Second half of 2004
Employees in the All employees Employees in the All employees
% Parent Company in Sweden Parent Company in Sweden
Total absence due to illness,
as a percentage of total normal working hours 7.6 5.7 8.3 6.7
of which 60 days or more 62.7 57.8 59.7 53.5
Absence due to illness, by category 1)
Women 11.2 8.9 11.8 10.3
Men 5.7 5.1 6.5 5.4
29 years or younger 4.9 4.3 5.1 4.5
30–49 years 8.2 6.9 9.5 7.4
50 years or older 7.9 6.6 8.4 7.1
1) % of total normal working hours within each category, respectively.
1)1)