9. Personnel Expenses and Employee Numbers – Covestro Annual Financial Report on February 26th 2025

Personnel expenses consisted of the following:

Personnel expenses
2023 2024
€ million € million
Salaries (1,743) (1,723)
Social expenses and expenses for pensions and other benefits (398) (408)
of which for defined contribution pension plans (113) (116)
of which for defined benefit and other pension plans (64) (74)
Total (2,141) (2,131)

Personnel expenses in fiscal 2024 decreased mainly due to lower expenses for short-term variable compensation.

Average number of employees
2023 2024
Production 11,955 12,053
Marketing and distribution 2,881 2,784
Research and development 1,376 1,338
General administration 1,403 1,347
Total 17,615 17,522
Employees in vocational training 517 523

The average number of permanent or temporary employees is stated in full-time equivalents. Part-time employees are included on a pro-rated basis in line with their contractual working hours. The figures do not include Board of Management members and employees in vocational training.