APC 2004 Annual Report Download - page 100

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98
In 2004, the main regions and businesses targeted by
the programs were as follows:
The Corporate Functions in France, with a rightsiz-
ing plan amounting to 30 million.
France, where costs of 17 million were incurred to
restructure the Transformers business and outsource
the Information Technology function.
Research and Development, where costs of 12
million were incurred to group teams around France
together at a global R&D base in Grenoble.
25.3 - Management compensation
In 2004, directors’fees of 0.60 million were paid to
the members of the Board of Directors. Gross com-
pensation and noncash benefits paid to members of
the Executive Committee, including the Chairman, for
their functions within the Group totaled 6.1 million.
Note 25 - Employees
25.1 - Number of employees
The average number of permanent and temporary employees was as follows in 2004 and 2003:
(number of employees)
Dec. 31, 2004 Dec. 31, 2003
Production 40,582 35,459
Administration 44,284 38,817
Total average number of employees 84,866 74,276
Europe 46,247 43,151
North America 17,911 16,516
Asia Pacific 15,648 10,698
Rest of the world 5,060 3,911
25.2 - Payroll costs
(in millions of euros)
Dec. 31, 2004 Dec. 31, 2003
Payroll costs (3,307.6) (2,959.4)
Profit-sharing and incentive bonuses (72.7) (38.6)
Total (3,380.3) (2,998.0)
Note 26 - Subsequent Events
None
Europe, where restructuring costs of 5 million pri-
marily reflect ongoing integration of Lexel.
The United States, where restructuring costs of
11 million were incurred in connection with the
Dallas, Oxford and Lincoln plants.
The Group also incurred costs of 5 million in 2004
as part of an ongoing program to reorganize the
Automation business and deploy related synergy.
Restructuring provisions of 108 million were recog-
nized in the balance sheet under Other Payables and
Accrued Liabilities.