Online retailer bol.com, a subsidiary of Ahold Delhaize, plans to save €225 million over the next three years and cut 300 jobs, about 10% of its staff, Dutch newspaper Het Financieele Dagblad reported on its website on Thursday.
The head of the online shopping platform, Margaret Versteden, announced the cost-cutting measures to staff on Thursday, explaining that bol.com’s growth had come to a halt, and that it had seen its profitability decline.
