The salary of Litanas workers who work abroad – calculation example 1
1 litas is 2.6348 (SEK Riksbank’s currency converter, the average for 2014)
1 euro is 9.0968 SEK (Riksbank’s currency converter, the average for 2014)
Information taken from the annual ‘reports for the Litana Group for 2013 and 2014. In the original article we have gone from litas to swedish crown. Here we have gone from swedish crown to euro. This has made that is has become some small difference in the figures.
Total number of employees 2014: 1146
Number of employees working abroad: 403 people *
Employees who work at home: 743*
Total salary paid to both administration personell and to workers: EUR 5 969 990 (SEK 54 307 802)
To find out how much the workers that work abroad earn per hour, we start by assuming that the staff who work in the home country, has the Lithuanian minimum wage of EUR 289,62 (2 710 crowns) a month. This is the lowest salary they can earn.
Total salary for employees per year (workers and administration staff) in the home country: EUR 2 656 138 (SEK 24 162 360)
(number of employees 743 people, multiplied by EUR 289,62 multiplied by 12 months)
Left for the workers who work abroad to share: EUR 3 313 851 (SEK 30 145 442)
Annual salary: EUR 8 223 (SEK 74 803)
Monthly salary: EUR 685 (SEK 6 234)
Hourly wage: EUR 3.93 ( SEK 35.82)
(Here we have assumed that employees work 174 hours a month)
Hourly wage: EUR 3.39 (SEK 30.85)
(Here we have assumed that employees work eight hours a day, six days a week.)
The salary of Litanas workers who work abroad – calculation example 2
1 litas is 2.6348 SEK (Riksbank’s currency converter, the average for 2014)
Information from the annual reports for the Litana Group Group for 2013 and 2014
Total number of employees 2014: 1 146
Number of employees working abroad: 403 people *
Employees who work at home: 743*
Total salary paid to both administration personell and to workers: EUR 5 969 990 (SEK 54 307 802)
Total subsistence allowance **: EUR 6 446 365 (SEK 58 641 292)
Subsistence days: 118707
(We get the number of subsistence days by dividing the subsistence allowance with EUR 54,3 (SEK 494 SEK). 494 is an average of what workers receive when they work in France in subsistence days EUR 56.5 (514 SEK per day) and when they work in Sweden EUR 52,10 (474 SEK per day). Litana have worked most in those countries.)
Number of working days: 84 791
(Here we have calculated that the workers are working five days a week)
The number of working days: 101,749
(Here, we expect a working week of six days)
To find out how much the workers that work abroad earn per hour, we start by assuming that the staff who work in the home country, has the Lithuanian minimum wage of EUR 289,62 (2 710 crowns) a month. This is the lowest salary they can earn.
Total salary for employees per year (workers and administration staff) in the home country: EUR 2 656 138 (SEK 24 162 360)
(number of employees 743 people, multiplied by EUR 289,62 multiplied by 12 months)
Left for the workers who work overseas to share: EUR 3 313 851 (SEK 30 145 442)
We now take the remaining salary and shares it on the number of working days. At a work where one works five days it gives a daily wage of EUR 39 (SEK 355). And an hourly wage of EUR 4. 88 (SEK 44.44) at an average working day of eight hours.
At a work where one works six days it gives a daily wage of EUR 28.69 (SEK 261) . The hourly wage is then EUR 4.1 37.03 kronor at an average working day of eight hours.
* This is how we have come to this figure: In the annual report for 2013 the company lists what it will do the following year and how many hours it will take.
In Sweden, the company expects to do construction jobs for at least 159,600 hours
In Norway 72 000 hours
In Finland, for 65 800 hours.
In addition, Litana work on shipbuilding.
In Finland, 88,200 hours
In France, 455,900 hours
Altogether, this is 841,500 hours. It gives 4836 months or 403 years.
We calculate very generous and counts: 403 workers.
** In the annual report it says literally “mission expenses”. In addition to subsistence allowance it can then include travelling expences home. But it is not likely, given how many hours Litana writes the company is working abroad.