MERLIN Properties Annual Report 2024

MERLIN Properties | 109 Voluntary departures 2023 2024 Category Age range Men Women Men Women Directors >50 years old 1 - - - Middle management <30 - - - - 30-50 1 - 2 - Other professionals <30 - 3 2 2 30-50 4 8 4 9 >50 years old 1 - - 1 TOTAL 7 11 8 12 The number of total departures has decreased from 46 in 2023 to 28 in 2024, mainly due to a decrease in the number of dismissals and temporary contracts. Temporary hiring in 2023 was due to the substitution of employees during vacation periods. In 2024, vacations were better distributed throughout the year in order to avoid the need for temporary hiring. In 2023, 4 of the dismissals were due to the disposal of a shopping center. The number of voluntary departures has remained unchanged in percentage terms. Voluntary turnover is mainly in positions of lesser responsibility and in the 30-50 age range. Dismissals 2023 2024 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 - 1 >50 years old - 2 - - TOTAL 6 8 - 1 Changes in turnover The total turnover rate was calculated taking into consideration all employees who leave the organisation either voluntarily, due to dismissal, retirement, end of contract, leave of absence, expiry of temporary incapacity or termination in trial period. 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. 2023 2024 Voluntary turnover rate 7% 8% Total turnover rate for departures 17% 10%