[Leica] Leica finances

[shino at panix.com (Rei Shinozuka)]

look at the spread between greek and german sovereign debt:

http://www.bloomberg.com/apps/quote?ticker=.GRK:IND

i believe it.

-rei


On 08/20/2011 11:54 AM, Jayanand Govindaraj wrote:
> 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
>>
>>
>>
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