Unions lose money on investments

The two biggest trade unions in the country – Bondgenoten and Abvakabo – have lost millions of euros on their investments because of the economic crisis, the Financieele Dagblad reports on Monday.

The unions, both affiliated to the FNV union federation, have lost some €70m, around a quarter of their total investments, the paper says.
Manufacturing union Bondgenoten has 70% of its investments in shares and property, Abvakabo 60% in shares.
Both unions told the paper they were reconsidering their investment strategies.

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