Nokian Tyres Plc

[Perttu_Hamalainen]

@kobi

Yes, and in Finland, 20% is nowhere near enough for ancillary costs. 40% is quite close to reality. TyEL (Employees’ Pensions Act) contribution alone is already 25%, plus holiday pay, holiday bonuses, public holidays, sick pay, working hour reduction leaves, etc. So, Romania probably won’t reach Finland’s cost structure anytime soon.

The employer’s ancillary costs are quite close to 20%. No employer pays 25% TyEL contributions. The employee’s share is 7.15%. Holiday pay and holiday bonuses are not ancillary costs.

@kobi

Yes, holiday bonuses and pay, as well as sick leaves and public holidays, are practically ancillary costs, even if people often prefer to think otherwise.

They are wage costs.

[quote=“kobi, post:3662, topic:663”]
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