[Leica] Leica finances

[jayanand at gmail.com (Jayanand Govindaraj)]

Douglas,
I just read a startling report today which basically says that salaries (on
a cost to government basis) are still 25% higher in Greece than Germany, for
equivalent positions in the public sector. I could not believe it. Is it
true, do you think?
Cheers
Jayanand

On Sat, Aug 20, 2011 at 9:14 PM, Douglas Sharp <douglas.sharp at gmx.de> 
wrote:

> Leica's biggest cost factor is labour - as it is for every company in
> Germany - the ancillary costs (often called the second wage) are almost as
> high as the salaries/wages and include a 50% contribution to health
> insurance premiums, social security, accident insurance, disability
> insurance and, and, and...
>
> So somebody earning a monthly wage of say 2000 euros gross is costing the
> company between 2500 and 4000 euros a month depending on age, marital
> status, children, seniority, health insurance premium.
>
> Douglas
>
>
>