Annual Report 2014

Employees

At the end of 2014, the Group had a total of 23,289 (25,877) permanent or part-time employees. The Group’s average number of personnel was 24,617 (27,253). In full-time equivalents, this corresponds to 21,852 (23,712) person-years, including an average of 5,226 (5,650) person-years outside Finland.

Personnel distribution was as follows:

Itella Mail Communications 14,473 (16,633)
Itella Logistics 3,035 (3,211)
Itella Russia 2,919 (3,341)
OpusCapita 2,292 (2,121)
Group and other functions 570 (571)

At the end of 2014, a total of 5,264 (5,614) employees worked outside Finland. The number of employees working in Finland was 18,025 (20,263). The parent company had 360 (380) employees at the end of 2014. Its average number of employees was 361 (379).

Group personnel                                                                                     2014      2013      2012
Salaries and wages, EUR million   684.7   713.4   713.8
Employees on December 31   23,289   25,877   27,816
Average number of employees   24,617   27,253   27,460

Salaries and wages paid by the Group decreased by EUR 28.7 million from the previous year. Personnel expenses included EUR 25.8 (17.5) million in restructuring costs. The operating result for the period included a provision of EUR 1.0 million for the cost of bonuses paid to employees. In addition, it included a provision for the annual incentive plan and the management’s long-term incentive plan.

The company entered into 505 new permanent employment contracts in Finland in 2014. Personnel reductions amounted to 1,646 person-years. Out of this total, 741 person-years were related to production and finance and 59 person-years were reduced through voluntary resignation and pension plans. In addition, 846 person-years were related to acquisitions.

In January, Posti launched the Uusi polku (New path) program, which offers not only financial support, but also training and support for job seeking, retraining or starting a business. By the end of the year, 946 employees had applied for the program and 614 had been approved.