UPM's goal is to develop, encourage and reward every employee in their work. UPM paid a total of EUR 51 million as short-term incentives to employees in 2020. The incentives were paid for the good 2019 results and for personal success in one's own work. The figures are outlined in the Annual Report that was published today. Over the last five years, UPM has paid nearly EUR 300 million in incentives to its employees. The incentives are mainly determined by the financial indicators, of which EBITDA is the most important. In addition, every employee can earn one-third of the incentive by the achievement of personal and/or team performance targets. Last year, UPM employees earned on average of 5.6%, or approximately EUR 3,200, additional income from the company's incentive schemes.
The sharp rise in gas and electricity prices has a direct impact on our manufacturing costs and profitability. Due to this extraordinary situation, an energy cost surcharge is unfortunately unavoidable.
We will therefore impose an energy cost surcharge of up to EUR 10/100kg in all our product segments. This will apply to all deliveries from December 1, 2021, and until further notice.