cutbacks

ABN Amro is implementing more cutbacks that will result in 1,500 lost jobs, the bank announced on Wednesday at the presentation of its qurterly results, the Telegraaf reports.

This new round of cutbacks could yield some 400 million euros in savings and comes in addition to reorganization plans already announced in recent months. The bank currently employs 26,500 people. By 2020 that number will be cut to 23 thousand. 

Twitter is downsizing and may be closing the Dutch office on Amsterdam's Zuidas in an effort to cut costs. The company also plans to lay off hundreds of employees worldwide, Het Parool reports.

According to the newspaper, Twitter was in talks with Salesforce, Alphabet and Disney to be acquired. But all three companies dropped out, particularly because of Twitters high costs. 

Twitter is therefore cutting its workforce. This could go hand-in-hand with a number of foreign offices closing, including the one in Amsterdam. 

There are possibilities for the next government to make another 50 billion euros in cuts, according to the "menu" the Ministry of Finance sent to all political groups in parliament in strict confidence, but the Volkskrant managed to get hold of.

Striking Lufthansa cabin crew members are making an impact on Dutch travelers on Monday. Thirteen of the 929 flights the German airline had to cancel on Monday, were flights to and from Schiphol airport.

TSN Thuiszorg, the largest home care organization in the Netherlands has announced its 5th reorganization, which will involve 436 permanent employees working as home care assistants being laid off and 218 employees on fixed-term contracts not having their contracts extended. A poll commissioned by union FNV has shown that 85 percent of the Dutch population is against the cutbacks in healthcare.

Hundreds of protesters gathered on Dam Square in Amsterdam on Sunday to express their solidarity with Greece. The European Union will hold an emergency summit on the so-called Grexit on Monday. Greece submitted a final proposal, which Jean-Claude Juncker, chairman of the European Commission, called a "good basis" for the summit, NRC reports.

Cuts to items covered under the mandatory basic health insurance package is saving the country less money than expected, reports the Netherlands Court of Audit. Between 2007 and 2013, roughly 250 million euro was saved through the cuts, about half the amount the cabinet predicted under former Prime Minister Jan Peter Balkenende.

A chronic shortage of security guards at Schiphol is likely to lead to long lines at the airport during the coming holiday peak season. According to De Telegraaf, the work load is so high that there are also gaps in the security controls.

PostNL is busy with yet another reorganization under the name "Davis Cup", AD reports. This reorganization will cost 150 jobs in the marketing and sales departments and 550 jobs in PostNL's car company.

Dutch security and justice minister Ivo Opstelten and state secretary Fred Teeven no longer need to make any more budget cuts for security, despite the holes in their budget. Cabinet partners the VVD and the PvdA accept that the justice ministry now spends more money than budgeted.

The directors of KLM want to reduce the number of management levels in the company. Some departments have nine hierarchical layers, two of which will be removed.