As of June 30, 2025, the Covestro Group had 17,542 employees worldwide (December 31, 2024: 17,503). In the first half of 2025, personnel expenses were down €68 million, dropping to €1,041 million (previous year: €1,109 million), largely due to lower expenses for variable compensation.
| Employees by division1 | ||
|---|---|---|
| Dec. 31, 2024 | Jun. 30, 2025 | |
| Production | 12,092 | 12,209 |
| Marketing and distribution | 2,731 | 2,726 |
| Research and development | 1,336 | 1,308 |
| General administration | 1,344 | 1,299 |
| Total | 17,503 | 17,542 |
1 The number of employees on either permanent or temporary contracts is stated in full-time equivalents (FTEs). Part-time employees are included on a pro-rated basis in line with their contractual working hours. Board of Management members and employees in vocational training are not included.
Provisions for pensions and other post-employment benefits decreased to €285 million (December 31, 2024: €387 million). This was mainly due to actuarial gains as a result of the increase in the discount rate in Germany.
| Discount rate for pension obligations | ||
|---|---|---|
| Dec. 31, 2024 | Jun. 30, 2025 | |
| % | % | |
| Germany | 3.50 | 4.00 |
| United States | 5.40 | 5.20 |