Financial Statements 2021

2. Notes to the IFRS Consolidated Financial Statements / 2.6 Employees Costs and Benefits

2.6 Employees Costs and Benefits

28. Number of Employees

Airbus Defence and Space

Airbus Helicopters

Consolidated Airbus

Airbus

31 December 2021

73,560

20,126

32,809

126,495

31 December 2020

78,487

20,026

32,836

131,349

29. Personnel Expenses

2021

2020

(In € million)

Wages, salaries and social contributions

12,913

11,799

356

749

Net periodic pension cost (1)

Total

13,269

12,548

(1) See “– Note 31: Post-Employment Benefits”.

30. Personnel-Related Provisions Several German companies provide life-time working account models, being employee benefit plans with a promised return on contributions or notional contributions that qualify as other long-term employee benefits under IAS 19. The employees’ periodical contributions into their life-time working accounts result in corresponding personnel expenses in that period, recognised in other personnel charges . The decrease in Restructuring measures/ pre-retirement part-time work is mainly due to the restructuring provision recorded in 2020 in response to the COVID-19 pandemic.

Increase from passage of time Additions

Reclassification / Change in consolidated

Balance at 31 December 2021

Balance at 1 January 2021

Exchange differences

group Used Released

(In € million)

Restructuring measures / pre-retirement part-time work

1,263

2

0

52

(259)

(712)

(221)

125

Other personnel charges

642

1

1

342

(5)

(311)

(26)

644

Total

1,905

3

1

394

(264) (1,023)

(247)

769

In September 2020, a restructuring provision was recognised in response to the COVID-19 pandemic under other provisions for an amount of €1.2 billion including mainly the cost of voluntary and compulsory measures taking into account management’s best estimate of the impact of the working time adaptation and government support measures. As of 31 December 2021 and 31 December 2020, the restructuring provision in response to the COVID-19 pandemic amounted to € 0.1 billion and €1.0 billion respectively. It reflects the utilisation of the restructuring provision for an amount of € 0.6 billion, the release of € 0.2 billion and € 0.2 billion reclassified to liabilities to reflect the progress of the plan.

31. Post-Employment Benefits

31 December

2021

2020

(In € million)

Provisions for retirement plans

6,240

8,790

Provisions for deferred compensation

832

1,190

Retirement plans and similar obligations

7,072

9,980

46

Airbus / Financial Statements 2021