MERLIN Properties Annual Report 2023

MERLIN Properties | 113 Voluntary departures 2022 2023 Category Age range Men Women Men Women Directors >50 years old - - 1 - Middle management <30 - - - - 30-50 1 1 1 - Other professionals <30 5 7 - 3 30-50 2 6 4 8 >50 years old 1 - TOTAL 8 14 7 11 The number of voluntary departures has fallen compared with the previous year by 18%. In 2022, there were no redundancies. In 2023, there were 14, of which 4 were due to the sale of a shopping centre. The total cost of the compensation was €302,329. Dismissals 2022 2023 Category Age range Men Women Men Women Middle management <30 - - - - 30-50 - - 1 - >50 years old - - 3 - Other professionals <30 - - 1 1 30-50 - - 1 5 >50 years old - - - 2 TOTAL - - 6 8 Changes in turnover The total turnover rate was calculated taking into consideration all employees who leave the organisation either voluntarily, due to dismissal, retirement or end of employment contract. If an employee has had different employment relationships and has left more than once, this is not counted as one but as the total number of departures. Total number of departures/ Number of employees at the end of year = Turnover rate. 2022 2023 Voluntary turnover rate 8% 7 % Total turnover rate for departures 11% 17 %