Keeping employees for the sake of state aid: KLM is the largest recipient of COVID-19 stimulus payments

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The KLM airline received the most wage support from October to december. If you include all KLM subsidiaries registered with the Chamber of Commerce and airline Transavia, you come to a total of more than 234 million euros.

This is clear from the register published by the UWV, which implements this measure. All the companies receiving aid are listed there, with the amount of aid.

KLM was also the largest recipient in spring and summer. The register shows that KLM, including Transavia and subsidiaries registered with the Chamber of Commerce, has received more than 904 million euros in wage support since the start of the coronavirus crisis. The company itself announced last week that it had received a total of more than 1 billion euros in wage support.

Other major recipients of loonsteun during this time, the Holland Casino, more than 34 million), amsterdam airport Schiphol, including the registered members of the airport to more than 23 million euro) and the employment agency Adecco, including the registered affiliates of more than 14 million euros).

77,000 companies
The amounts mentioned are advances, but only after the calculation is made of what the companies were entitled to. Companies may therefore have to repay part of this amount, or may ultimately be entitled to more.

A total of 77,000 companies received wage support during this period, which runs from October to december 2020. An amount of EUR 2.8 billion has been paid as an advance to these companies. In mid-October the catering industry closed, and since mid-december the hard lockdown that we are now in Applies, including the closure of the hairdressers and the non-essential shops. Companies in the hospitality and retail sectors received most Pay support.

About the author

Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

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