230,000 jobs, 5,300 businesses saved by gov't Covid support: Rabobank
3 years, 5 months ago

230,000 jobs, 5,300 businesses saved by gov't Covid support: Rabobank

NL Times  

A massive 230 thousand job losses and 5,300 bankruptcies were prevented during the coronavirus pandemic, Rabobank calculated. "Economists assume certain laws," Hugo Erken of Rabobank said. These support measures had a hefty price tag, with the State paying out some 20 billion euros in advances through the NOW regulation alone. "Then confidence would have been hit people would have started spending less, perhaps a large part of the vital company infrastructure would have collapsed."

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History of this topic

The workers hit the hardest
2 years, 7 months ago

The workers hit the hardest

The Hindu  

According to the Centre for Monitoring Indian Economy ’s Consumer Pyramids Household Survey, employment in India fell from 408.9 million in 2019-20 to 387.2 million in 2020-21 and then recovered to 401.8 million in 2021-22. The 7 million jobs lost over the two years since the COVID-19 outbreak is unevenly distributed, so it may be difficult to cover most of …

Economy may take more than a decade to overcome COVID-19 losses: RBI report
2 years, 7 months ago

Economy may take more than a decade to overcome COVID-19 losses: RBI report

The Hindu  

The Indian economy may take more than a decade to overcome the losses caused by the outbreak of COVID-19 pandemic, according to Reserve Bank of India’s Report on Currency and Finance. Taking actual growth rate of 6.6% for 2020-21, 8.9% for 2021-22 and assuming growth rate of 7.2% for 2022-23 and 7.5% beyond that, India is expected to overcome COVID-19 …

Gov't Covid support saved at least 65,000 jobs: Planning Office
3 years, 2 months ago

Gov't Covid support saved at least 65,000 jobs: Planning Office

NL Times  

The Dutch government's coronavirus support package saved between 65 thousand and 180 thousand jobs, central planning office CPB calculated. The support package was therefore effective in 2020 - many people kept their income, unemployment did not skyrocket, and few companies went bankrupt, the CPB said, NOS reports. The CPB looked at the NOW scheme for wage support, the TVL scheme …

Rabobank to cut 5,000 jobs
3 years, 10 months ago

Rabobank to cut 5,000 jobs

NL Times  

Rabobank will be cutting 5 thousand jobs in the next five years. But unlike other major reorganizations announced in the past months, this one is not due to the coronavirus pandemic pressuring results. The bank is focusing more on digitization and wants to keep costs low due to stricter legislation and extremely low interest rates, NOS reports. The bank currently …

Coronavirus: Nearly 700,000 job losses during pandemic, new government data shows
4 years, 3 months ago

Coronavirus: Nearly 700,000 job losses during pandemic, new government data shows

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Weekly figures, which are volatile, show that unemployment rose …

Rabobank's profits plummet due to Cofid-19 crisis
4 years, 4 months ago

Rabobank's profits plummet due to Cofid-19 crisis

NL Times  

Rabobank saw its profits largely evaporate in the first two quarters of 2020. The bank attributes this mainly to the coronavirus crisis, and money it had to set aside to cover bad loans from customers in financial trouble, according to figures Rabobank released on Thursday. Rabobank pushed another 1 billion euros into its rainy day fund - money set aside …

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