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 Personnel

At the end of December 2019 Tecnotree employed 600 (543) persons, of whom 40 (56) worked in Finland and 560 (487) elsewhere. The company employed on average 554 (604) people during the financial period. Personnel by country were as follows:  

PERSONNEL 2019 2018
Personnel, at end of period 600 543
Finland 40 56
Brazil 9 10
Argentina 41 43
India 412 347
United Arab Emirates 13 14
Other countries 85 73
Personnel, average 554 604
Salary expenses (MEUR) -16.0 -18.9

 

The Company also made substantial investment in 2019 in augmenting the sales & marketing and product development and delivery teams by increasing the manpower by almost 10%. We have already started seeing these investments translate into new orders and thereby revenue boost.