redundancies

Tata Steel, the parent company of the steel plant in IJmuiden, and the German ThyssenKrupp are merging their European Steelworks. The two companies expect that the merge will result in the loss of 4 thousand jobs throughout Europe, they said in a joint statement, AD reports.

Half of the jobs will be lost in the production branch and the other half in the administrative branch. The job losses will be distributed evenly across the two companies. The consequences for jobs in the IJmuiden plant, were not specified.

In the next four years PostNL will be cutting another 2 thousand jobs while accelerating the company's transformation into a parcel delivery specialist, the Dutch postal service announced with its annual figures on Monday, ANP reports. Up until the end of 2020 between 500 and 600 full time jobs will disappear annually from the Dutch mail division.

According to CEO Herna Verhagen, there will only be a few forced dismissals. Most employees will be stepping down willingly or reassigned. In the same period 1,600 new jobs will be created in the package division. 

Digitization always comes at the expense of jobs, ING bank CEO Ralph Hamers said to RTL Z. He emphasized that the 7 thousand jobs disappearing from the Benelux are not because of cutbacks.

ABN Amro plans to cut up to 1,375 jobs by 2020 in an effort to have the bank work more efficiently and save a structural 200 million euros a year, according to a request for advice the ABN Amro management sent to the works council on Monday

A massive 4 thousand jobs could be lost should Tata Steel merge with German rival ThyssenKrup, union FNV said to RTV Noord-Holland.

Toy stores Bart Smit and Toys XL will soon undergo name changes, parent company Blokker Holding announced. Both stores will continue under the name Intertoys. Blookker thinks that one toy brand will better serve the customer

"Disappointment in thousands of capital letters", is how union CNV refers to bankrupt retail chain V&D's collapse after nearly 130 years of business. The 62 V&D stores were closed from Monday. The plan to rescue the in-trouble retailer fell apart on Tuesday. And from Wednesday about 8 thousand employees are out on the street.

Supermarket chain Jumbo is scrapping 190 of the 925 jobs at headquarters in a reorganization following the Jumbo-C1000 merge. Compulsory redundancies can not be excluded

Cutbacks and reorganization in gas company Nederlandsche Aardolie Maatschappij will lead to 2 thousand layoffs next year, mostly in companies that work with NAM.

V&D has reached an agreement with the unions. The company will not cut its employees' wages, but to make this possible, a reorganisation will be necessary.

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.