6 Personnel expenses

in CHF 1,000

2025

2024

Variance absolute

Variance in %

Salaries and wages

142,585

152,494

–9,909

–6.5

Social contributions required by law

13,200

12,640

560

4.4

Contributions to pension plans / defined-benefit plans

13,069

14,125

–1,056

–7.5

Contributions to pension plans / defined-contribution plans

2,554

2,630

–76

–2.9

Other personnel expenses

4,428

3,960

468

11.8

Capitalised personnel expenses1

–3,005

–2,515

–490

–19.5

Total personnel expenses2

172,831

183,334

–10,503

–5.7

1In accordance with IAS 38, a portion of internally generated intangible assets such as software is capitalised. The amount that can be capitalised is reduced accordingly in personnel expenses.

2Includes in 2024 CHF 5.0 million restructuring costs.