ABN Amro is taking various measures at its corporate bank, including scrapping 250 jobs. The bank wants to increase this department's profitability, ABN Amro announced at the presentation of its figures for the second quarter, Het Parool reports.
The corporate bank, officially called the Corporate and Institutional Bank (CIB), accounts for 2,600 of ABN Amro's total 19 thousand jobs. CIB is responsible for financing shipping and the energy sector, and for managing acquisitions and IPOs.
Blokker Holding suffered a massive 180 million euros loss in 2016 - the biggest loss the retail group ever booked since its establishment in 1896, NOS reports.
The bulk of the loss can be attributed to store closures. Blokker's reorganization in the Netherlands and Belgium and reorganizations at Xenos and Intertoys cost the company over 100 million euros. In addition to that, sales at Blokker, Xenos, Marskramer and Big Bazar were disappointing. Revenues decreased by 5 percent, from 2,076 billion euros in 2015 to 1,965 billion euros in 2016.
Rabobank is planning a drastic reorganization of its workforce, which could lead to between 8 thousand and 10 thousand layoffs in the next four years.
DSM, the Dutch-based multinational life sciences and material sciences company, has announced a reorganization in which between 900 and 1,100 jobs will be lost. About half of these jobs are in the Netherlands.
KLM will announce further restructuring measures in September. According to CEO Pieter Elbers, these measures are a "logical approach" to accelerate the existing cost cutting program and enable the airline to reach the 700 million euro target in 2018, instead of in 2020.
Of the Martinair pilots under threat of layoff as part of the Air France-KLM reorganization, 185 are trying to force the parent company to reassign the pilots to KLM. The pilots believe that they are entitled to equivalent work at KLM with the budget slashed at their cargo airline, the Volkskrant reported this week.
A provision for a possible cartel fine in France and restructuring expenses have pushed courier TNT into the red.
More flight delays and cancellations are expected on French airports this week as the pilots' strike at the French airline escalate. KLM passengers may also be affected, De Telegraaf reports.
In protest against new reorganization plans from AirFrance-KLM, the French airline's pilots are threatening a strike lasting one week between the 15th and the 22nd of September in Paris. This would be the biggest pilots' strike since 1998, De Telegraaf reports.
Dutch postal service PostNL announces Monday that cuts, the smooth restructuring process and price hikes have resulted in an improved turnover for the second quarter of this year. Turnover increased with an added three percent to more than €1 billion.
