Printer and copier maker Océ is to cut its workforce by a further 300, the company announced on Thursday.
The company is also to apply for 2,400 staff at its Venlo operations to have their working hours cut.
The main lines of the deal have been reached and Océ has agreed to top up part-time social security benefits to 100% of salaries, unions told news agency ANP.
Under government recession-busting measures, companies which have been hit by the economic downturn can apply for staff hours to be cut. Workers get unemployment benefits (ww) for the hours they lose.
On Thursday morning, the company announced worse than expected second quarter figures. Océ booked a net loss of €14m, some €5m higher than analysts quoted by ANP had expected.
The company blamed the poor results on further deterioration in the market.
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