FORMULA AIR BALTIC, UAB - employees and salaries

Company age: 24 y. 5 mo.

Update

FORMULA AIR BALTIC - Basic salary and employee information

Number of employees

45

Annual change in number of employees

-6% (-3)

Average salary

2397 €

Change in average wage per year

-1% (-24 €)

Salary compared to sector average

116%

2 397 € vs 2 065 € sect.

Annual employee turnover

Employee turnover rate = (number of employees who left during the year / average annual number of employees) x 100 %

18,0 %

Salary information

This description was generated by artificial intelligence for the end of 2025. Report if inaccurate.
FORMULA AIR BALTIC, UAB (code 145837754) is a Small company operating in the manufacture of steel tubes, pipes, hollow profiles and related fittings. Its workforce has remained fairly stable but slightly lower than two years earlier: average employment was 49 in 2023, 46 in 2024, 45 in 2025, and 45 so far in 2026. Over the latest two-year period, employee numbers declined by 2.2%. Average monthly gross wages moved upward from €2,122.35 in 2023 to €2,292.41 in 2024 and €2,335.86 in 2025, then eased to €2,312.53 so far in 2026. That means wages are down 1.0% year on year in 2026, but still 0.9% above the 2023 level. Based on the available figures, estimated annual payroll is about €1.25M. Productivity indicators show revenue of €104.1K per employee and profit of €926 per employee.

Number of employees

Number of employees at the end of the year

Number of employees (last 12 months)

Employee turnover rate

Employee turnover is a term describing the process when employees leave an organization and are replaced by new ones. It is an important human resource management indicator reflecting the quality of the company's work environment, employee satisfaction, and organizational culture.

Employee turnover rate = (number of employees who left during the year / average annual number of employees) x 100 %

Average salary

Average salary (by year)

Average salary (last 12 months)

Gender equality in the company

Women / men ratio

Male 83%

Wage differences

Women
2872 €
Men
2297 €

Manager's gender

Unknown