Booking.com confirmed this after reports by Het Financieele Dagblad about the case.
Booking.com says it is now focusing on longer-term solutions to address the malaise in the travel industry due to the corona crisis.
Short-term solutions are not enough to prepare the company for a future with a much weaker demand for travel. There are no concrete plans for a reorganization yet, but layoffs are not excluded by the company.
Support 5000 workers
Due to the corona crisis, the activities of Booking.com at the head office in Amsterdam were hit hard. The company applied for the NOW scheme for 5,000 employees, with labor costs largely reimbursed by the government, provided there are no layoffs. That led to criticism from various politicians in The Hague because Booking.com is part of an American company that has made billions in recent years and would avoid taxes in the Netherlands.
Under the NOW 2.0 scheme, the conditions have been tightened and companies are not allowed to pay dividends this year, pay bonuses to board members or buy back their own shares. However, the dismissal penalty has been removed from these regulations. The dismissal fine will impose a fine on companies that receive corona assistance from the government but still lay off staff.
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