Double digit hikes in pay costs at dairy processors
Published 27/04/2016 | 02:30
Staff costs at Glanbia increased by 22pc on average last year, with average employee's costs of almost €74,000 per head.
Total pay costs in the company increased by €84m, with a third of this accounted for by the 9pc increase in staff numbers to a total of 4,630.
The increase includes exceptional costs of nearly €12m, up by €10m on the previous year.
Employee costs at the company are now among the highest in the industry.
A statement from Glanbia said that payroll costs increased by 18pc in 2015, and attributed some of this to the 21pc strengthening of the dollar in the same period.
Comparable figures for Kerry, which has over 23,223 employees, stood at just over €48,000 per head in 2015, even after a 10pc increase in staff costs at the multinational. Another dairy processor to experience a significant hike in staff costs is Aurivo, with a 25pc increase in 2014, the most recent year for which figures available.
The western co-op's 2014 report shows that staff costs for nearly 700 employees amounted to €51,569/hd, which was €10,000/hd up on 2013.
The most recent figures for Dairygold also relate to 2014 when there was a 6pc increase in staff costs, with at least a third of this attributable to a 2.5pc increase in staff numbers.