Some 700 jobs are to be axed at healthcare company Orbis in the southern town of Sittard, reports Novum news agency on Tuesday.
Orbis, which has a workforce of 6,000, may be able to offer 150 employees new positions elsewhere in the company, says Novum.
Orbis expects to make a loss of €38m this year and the planned reorganisation is intended to make savings of €32m.
The losses are mainly attributed to the high cost of the Orbis hospital building, inefficient home care services and too many layers of management, says Novum.
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