In 2020, Booking.com received 100 million euros in support from the Dutch government. Now the three-person management of the popular booking site will receive a bonus of 28 million euros. Politicians are demanding a refund. “This is unacceptable,” Social Affairs Minister Wouter Kolmes said. At the same time, he pointed out that there are no tools for intervention.
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The daily NRC reports that one of the world’s largest accommodation booking platforms, the Dutch company Booking.com, received financial support from the Dutch budget last year.
Save management jobs?
€100 million has been earmarked to maintain jobs threatened by the COVID-19 crisis. However, it turned out that the company now intends to pay a huge bonus to the board of directors. The three-person board of directors will receive €28 million in stock packages.
The travel industry has been hit hard by the coronavirus pandemic. As a result, the company found itself in a serious crisis last year. The NRC reports that bookings via Booking.com have fallen by 60%. in 2020 compared to the previous year. The company had to cut costs and borrow 3 million euros. It also received support from the Netherlands budget. Now the board of directors will receive a multi-million dollar bonus.
Social Affairs Minister Wouter Kolmes did not hide his annoyance. “This is unacceptable,” he said at Friday’s cabinet meeting. At the same time, he noted that there are no tools for intervention.
The president of the conservative Christian Democrats Alliance (CU), Gert Jan Segers, called the rewards “shameful” and evidence of the claim that “greed is the root of all evil.”
Opposition Labor leader Lillian Blumen is demanding her money back, putting it on the last cent.
It will be difficult to meet the hypothesis of the head of the PvdA, because, according to Minister Koolmees, the company has complied with the terms of assistance. She received money to keep her job and could not fire anyone for three months.
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