Another Dutch bank is facing criticism over large pay increases planned for its top executives. Van Lanschot Kempen plans to increase the remuneration of CEO Karl Guha by over 20 percent to 1.5 million euros this year. The other three directors' remuneration will increase by a quarter to more than a million euros, the Volkskrant reports based on documents for the bank's upcoming shareholders' meeting.
Police unions are surrounding the Binnenhof on Thursday for hourly noise protests by police officers with sirens, horns and drums. With this the unions hope to put pressure on the cabinet and parliament to make more money available for a better collective bargaining agreement for the police
The ABN Amro spin-off unto the public market might happen this year after all as the government continues working to list the bank back on the stock market, Prime Minister Mark Rutte said in his weekly press conference after the Cabinet meeting. He says he still has confidence in the leadership of ABN Amro even after the "climate of unrest" from postponing the IPO decision after recent turmoil surrounding the approval of pay raises of the ABN Amro executive board.
Several hundred civil servants from the municipality of Amsterdam have staged a strike on Monday. They are protesting in front of City Hall for a pay rise. The strike will last two hours, says Fred Bos of the union Abvakabo FNV, het Parool reports.