v3.26.1
Personnel Expenses
12 Months Ended
Dec. 31, 2025
Personnel Expenses  
Personnel Expenses

(23)Personnel Expenses

Details of personnel expenses by function are as follows:

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Millions of Euros

​

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Cost of sales

 

1,444

 

1,373

 

1,384

Research and development

 

195

 

181

 

173

Selling, general & administration expenses

 

531

 

497

 

529

​

 

2,170

 

2,051

 

2,086

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Details by nature are as follows:

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Millions of Euros

​

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Wages and salaries

​

1,753

 

1,667

 

1,698

Contributions to pension plans

​

44

 

42

 

43

Other social charges

​

38

 

34

 

31

Social Security

​

335

 

308

 

314

​

​

2,170

 

2,051

 

2,086

​

On February 15, 2023, the Group announced the implementation of a comprehensive operational improvement plan with significant savings. The plan included the optimization of plasma costs and operations, the streamlining of corporate functions, and other initiatives to improve efficiency in the organization. It also included a reduction in staff in 2023 that affected approximately 8% of the human team, mainly in plasma operations in the United States. During the year 2025, the Group have recognized a severance expense of Euros 8 million (Euros 14 million during the year 2024 and Euros 75 million during the year 2023).