ING bank reported a net result of 1.18 billion for the first quarter of 2015. This is a 43 percent improvement on the result from a year ago, and more than double the amount earned in the fourth quarter of 2014. Including the performance of the insurance branch, ING showed a net result of 1.77 billion in the first quarter.
Nearly 200 organizations are laying off employees because of the introduction of the new worker protection law in July, according to labor union CNV. Temporary workers who have worked with a company for at least two years are entitled to severance pay under the new legislation.
Scammers made an identical copy of the website that belongs to the electronics chain Dixon and placed thousands of advertisements on Marktplaats, leading an untold number of potential victims to the site. Though Tweakers.net says Marktplaats, an Ebay-owned trading website, blocked the fake seller, the dubious fake site is often still operational. It was down on Sunday morning.
Celebrants selling their wares across the Netherlands on King's Day are expected to earn a total of 330 million euros, ING analysts stated on Friday. Over a quarter of the nation's adults are planning to sell used items this year, and are expected to make 92 euros on average per person.
Insurance giant Nationale-Nederlanden (NN) is dismissing its temporary workers in expectation of the new job security law, according to Volkskrant. The law that comes into force July 1 will provide greater job security to temporary employees. Previous incident of supposed law circumvention involved one of the largest Dutch banks, ING.
Recovery of the Dutch economy is gaining strength and could lead to two percent growth in 2015, the ING bank economic bureau reports. This would be the highest level of growth since 2008, driven mainly by an increase in consumer and business spending, and a decline in the oil prices.
Labor union CNV is starting a hotline for people dealing with employment abuses as a result of the new Work and Security law that comes into effect on July 1, the union said on Friday morning. The law makes it easier for flexible contract workers, freelancers and temporary hires to get severance packages if they are let go.
Workers let go before July 1 will be offered an additional compensation package, ING announced on Wednesday. The bank ruffled feathers with its plan to release workers by the end of June, beating out enforcement of new rules requiring severance pay for those working on temporary and flexible contracts.
Companies are trying to avoid the new dismissal rules taking effect in the Netherlands on July 1st by prematurely dismissing temporary workers on a large scale, Volkskrant reports based on emails and documents seen by the newspaper. Companies are dismissing temp workers to avoid having to pay the statutory severance pay from July.
A Tweede Kamer hearing about remuneration in the financial sector became confrontational between MPs and three major companies’ executives Tuesday. Speaking in the lower house of parliament, representatives from ABN AMRO, Aegon and ING attempted to convince the public of the need to pay market-based salaries to attract qualified managers, reports NOS.
Triodos Bank is expected to benefit significantly from the social outcry that followed last week’s steep salary increases at ING and ABN Amro. a thousand new customers signed up with the bank last weekend, which is around five times the norm, a spokesman for Triodos told broadcaster NOS.
ING wants to give CEO Ralph Hamers a wage increase of more than 28 percent, NRC reports based on the annual report ING published today. If the supervisory board approves this wage increase, his salary will increase from 1.27 million last year to 1.63 million in 2015.
More and more employers are embracing finger scanning technology, a report by Tempo-Team recruitment agency suggests. Deployment of such scan systems allows employers to more precisely track departure and arrival times of their employees, but not without a downside.
Rabobank is lowering its savings interest rates to 0.9 percent next week. With this Rabobank is the first large Dutch bank to drop its savings interest below 1 percent, De Telegraaf reports.
Housing prices are expected to remain constant, or increase only slightly, in a substantial part of the Netherlands. The conclusion was reached by economists at the ING Group in their investigation into the Dutch housing market, the researchers told broadcaster NOS.
ING is the first bank in the Netherlands to introduce fingerprint recognition in the Mobile Banking App. This new addition is available from today for ING customers who have the latest iOS devices that are equipped with Touch ID.
The Belgian police have arrested three suspects in connection with the ING ATM bombing in the Moerwijk shopping center in Breda Monday morning and the subsequent shootout with police in Belgium. According to the police, a great deal of damage was done to the building where the cash machine was located, but the perpetrators did not make off with any money.
A manhunt is underway in Oud-Turnhout in Belgium. The police are looking for heavily armed criminals who committed an ATM bombing on an ING Bank in the Moerwijk shopping center in Breda, Omroep Brabant reports. It is not clear whether the perpetrators managed to get away with any money.
The Belgian police confirmed that the perpetrators fled to Belgium after the bombing and fired shots at the police with a Kalashnikov during there flight. They would not give the newspaper any further details. Belgian media reports that there are two perpetrators.
The Netherlands-based chip maker Gemalto has been hacked by the United States secret service NSA and the British GCHQ, De Telegraaf reports. This is according to a report by The Intercept based on documents received by NSA whistle blower Edward Snowden.
Dutch banks are working on apps that will enable contactless payment via a smartphone. According to the AD, everyone will have the choice between paying with a debit card or via a smartphone within a year.
The traditional bank branch will disappear altogether. Banks will probably keep 20 to 30 offices, but these will have a very different character than the current branches.
According to CNV Vakmensen, money transport company Brinks has not responded on an ultimatum from the unions. Actions will start on Saturday and ATM's will not be refilled by Brinks employees, says CNV director Peter de Ridder.
Citizens of the Netherlands have to deal with the most online banking failures in the world. Customers of ING suffered most often from a failure in the last year.