Netherlands Listed companies cut over 30,000 jobs, but most are in good shape: FD

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(The Dutch News)

The biggest 66 companies listed on the Euronext Amsterdam stock exchange cut their overall investments and dividends to shareholders last year, and are shedding a combined 30,000 jobs, the Financieele Dagblad said on Tuesday.

FD researchers looked at the 2020 performance of the biggest listed firms and found, nevertheless, that most had performed well, with a few notable exceptions such as Shell, AirFrance-KLM and Arcelor Mittal.

Despite the planned job losses, most companies ended 2020 with the same size workforce as in 2019, the FD said.

At the same time, it is clear that a large number of jobs will go, although not all in the Netherlands. Nine companies have announced major redundancy drives, accounting for 30,000 jobs or 8% of their combined workforces. A further 12 companies say they plan to ‘reduce overheads’ or ‘streamline’ their workforces, which also means jobs will go, the paper said.

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