Dutch banks are ready for the expected financial turmoil in Greece this week. The country announced that banks would be closed on Monday to introduce capital controls, news agency Reuters reports.
A reportedly dire situation at the Dutch branch of KPMG is prompting the firm to seek assistance in reorganization from its international office, writes De Telegraaf. The company is facing a decreasing market share and profit margins and a departure of some of its key partners.
Over 60,000 square meters of the ING Harlemmerweg office space in Amsterdam is going under conversion into 900 apartment units. This is a result of the purchase agreement between real estate investment company Bouwinvest and the developer Pinnacle, which is going to transform the bank's office space.
The OECD improved its forecast for the growth of the Dutch economy. The Netherlands is now expected to grow by two percent in 2015, and 2.2 percent the following year. Previously, the organization estimated the growth of 1.4 and 1.6 percent respectively.
ING Bank will announce hundreds of layoffs at the Dutch headquarters in Amsterdam on Tuesday. These layoffs form part of the reorganization program which was announced in November last year. A total of more than 2,700 jobs will disappear - 1,700 permanent jobs and 1,075 flexible jobs.
ING's economic office believe that a United Kingdom departure from the European Union, the so-called Brexit, would have damaging consequences for the Dutch economy.
Major banks in the Netherlands are raising their mortgage rates for the first time after several years of contraction.
Tonight is the last night to experience the artwork "Water Light" by artist and innovator Daan Roosegaarde on the Museumplein in Amsterdam. This digital art work floods nearly 8 hectare of the city center with virtual water.
Cuban-American brothers Alfredo and Gustavo Villodo filed a lawsuit in the United States worth between 1.7 and five billion dollars against ING for not complying with the economic sanctions against Cuba, reports NOS.
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.