Saturday 22 October 2016

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NAM to cut 400 jobs, more to go at support companies


Dutch gas company NAM is cutting its workforce by almost 20% this year, reducing its payroll from 2,200 to 1,800 workers. Hundreds of other jobs will go among support companies and suppliers, NAM director Gerald Schotman told a news conference in Loppersum. Last year, the company said it would lose 190 jobs and 1,800 positions at other firms would be affected. Everyone leaving the company is taking advantage of a voluntary redundancy package, a NAM spokesman told broadcaster NOS. Many are employees who have been with the company for some time and can use the package as early retirement. The jobs are going across the entire company, which is a joint venture between Shell and ExxonMobil. However, the low gas price has led to less investment in developing new fields and relatively more jobs are going in this department, the spokesman said. NAM has also been hit by the government’s decision to cut gas extraction in Groningen because of the earthquake risk.  More >

Financial sector worst for finding a job

Jobs Two out of three people who lose their jobs find new work within a year, according to a new report by the state-run UWV jobs centre. In 2014, 65% of people who claimed unemployment benefit (ww) were working again within 12 months, up from 60% in 2012, the UWV said. However, only four in 10 of the over-50s found work that quickly, compared with 90% of the under-25s. There were also wide differences in employment rates between different sectors. Some 80% of people working through staffing agencies were back at work within a year, but just 40% of financial service workers had managed to find a new job. They are also most likely to move on to a different type of work, the UWV said. Some 85% of financial service staff move into a different field after losing their jobs. Dutch banks have been slashing their workforces in recent years and thousands more jobs are set to go.  More >

Pay rises are well above inflation

Jobs Pay rises reached a seven-year high in the third quarter of 2016, with wages up an average 2.1% on the previous year, according to the national statistics office CBS on Thursday. The gap between salary increases and inflation, at 0.1%, has not been so high in 30 years, the CBS said. Collectively negotiated wages have been going up faster than inflation since the third quarter of 2014. Wages rose most for civil servants, who benefited from a 3.5% rise after several years of frozen pay. Private sector wages rose by an average of 1.9% and in public organisations by 1.1%.  More >

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