5. Employee benefit expenses
EUR 1,000 |
2019 |
2018 |
|
|
|
Wages and salaries |
-13,541 |
-16,539 |
Pension expenses, defined contribution plans |
-601 |
-706 |
Pension expenses, defined benefit plans (note 20) |
-136 |
-166 |
Other long-term employee benefit expenses |
|
|
Other employee benefits |
-1,683 |
-1,501 |
Employee benefit expenses total *) |
-15,961 |
-18,911 |
|
|
|
| | |
*) Include one-time costs EUR 0 thousand (591) in year 2019
Information about management compensation is presented in note 27.
Average number of employees |
|
|
Finland |
40 |
63 |
India |
379 |
414 |
Middle-East |
82 |
76 |
Latin America |
53 |
52 |
Total |
554 |
605 |
|
|
|
|
|
|
| | |
Employee incentive scheme
Tecnotree group has an employee incentive program for 2020 -2022 designed to align the participants' focus with Tecnotree’s growth strategy and long-term success. The LTI Plan includes Restricted Share Units (RSUs) giving a contractual right to receive shares over the next 3 year period as per an equated semi-annual vesting schedule.