The new labor-liberal government formed after the legislative election of September 12 presented, on October 29, a coalition agreement which contains major social measures, including cuts to unemployment benefits and limits to bonuses and golden parachutes for banking staff. (Ref. 120643)
It’s official: the Layoff Act will not become more flexible. This is a major compromise Mark Rutte’s liberals are making for the PVDA Labor Party, led by Diederik Samson. The measures announced on October 29 aim to save €16 billion in public spending. They include cutting unemployment pay, from 38 down to 24 months. After one year receiving benefits amounting to 70 percent of the salary, the allowance will be based on minimum wage for everyone. The Dutch left-wing, which has been demanding
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