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Group wage payments drop by €10m Share
THE impact of the pandemic on employment within Shannon Group was revealed in its annual report for 2020 this week.
According to the report the group was employing 206 fewer people on average in 2020 when compared to 2019.
There were an average of 512 whole time equivalents employed in 2019, but this dropped to 306 the following year, the report stated.
Basic wages and salaries slumped from €22,814,000 in 2019 to €16,882,000 in 2020. Overtime payments fell by more than 75%, from €675,000 to €164,000.
The total amount of compensation paid to workers was just over €24.5 million in 2019. Shannon Group received wage subsidies of €3.68 million in 2020, and when this is taken into account, the 2020 figure was just €14.17 million.