Site icon to repay Dutch COVID aid in bonus row

Online travel agency said on Friday it will repay more than 60 million euros of coronavirus aid to the Dutch government after a row over bonuses for its bosses.

Dutch MPs expressed outrage this week after the NRC newspaper reported that three senior members of the Amsterdam-based site’s US holding company received 28 million euros ($34 million) in bonuses last year.

“While we have not recovered fully, we have heard Dutch society, and have taken considerations seriously,” a spokesman said in an emailed statement to AFP.

“As we are in a more stable position than when we applied for the NOW (Dutch COVID state aid) program in early 2020, and on a path toward recovery, we will pay back the subsidies received.” said it had been operating in a “very unpredictable environment” with an 80-percent decline in business at the start of the pandemic and a 165-million-euro loss in the first quarter of 2021.

The firm said last August that it would cut a quarter of its 17,500 staff worldwide as coronavirus paralysed global travel.

Dutch social affairs and employment minister Wouter Koolmees said had “rightly and wisely… taken this step”.

The Dutch lower house of parliament called on earlier this week to repay the aid but Koolmees told MPs there was no way to legally enforce the demand.

There were also calls on social media for a boycott of the company.

Founded in 1996, has 28 million listings on its website which is available in 43 languages.


Virus sees slash quarter of global staff

© 2021 AFP

Citation: to repay Dutch COVID aid in bonus row (2021, June 4)
retrieved 5 June 2021

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – The content will be deleted within 24 hours.
Exit mobile version