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WAGES, salaries, social insurance and pensions cost Roche €27.5 million last year, it emerged this week. According to company accounts filed for the financial year ended December 31, 2015, Roche Ireland Limited spent €20.7m on wages and salaries; €2.2m on social insurance; €3.5m on defined benefit pension service costs and €977,000 on other benefits. The total figure is up from €24.8m a year earlier. It has also emerged that a majority of employees have taken a generous redundancy package of six weeks wages from the company, plus two weeks statutory redundancy, depending on years of service as part of their exit compensation. All of this is capped at a maximum of 2.5 years wages. A small number of employees, believed to be in the region of 10%, have secured jobs in other pharmaceutical companies. SIPTU industrial organiser Paul dePuis believes all the redundancies will be on a voluntary basis. However, if the company does not secure the number of voluntary …
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