Personnel
During the financial year, the average number of staff employed by the Finnair Group amounted to 9,981 people, which was 4.7 per cent fewer than a year before. The decline in staff numbers is a result of measures implemented under the cost-cutting programme as well as the transfer to partners of certain functions, such as ground handling and loading services at domestic airports.
The company has labour contracts valid until the early part of next year with all the labour unions.
The Finnair Group has a profit bonus scheme that allows the employees of the parent company and certain subsidiaries to participate in a profit bonus payable on the basis of the Group's result and return on capital employed. A profit bonus is paid into a personnel fund, which is obliged to invest part of the bonus in Finnair Plc's shares. The preconditions for the payment of a profit bonus were not fulfilled in 2003.
The Group also operates an incentive scheme based on a balanced scorecard, which is defined separately for each business unit. The total amount of bonuses in 2003 was 1.8 million euros. |