These entrepreneurs can finally retire financially

Gerrie and Bennie Vos are happy that they can close their hair salon without any financial loss. Though they would have liked to see a new hairdresser in the store.

Ⓒ Photo Robert Hoetink

Amsterdam – The New Year got off to a good start for dozens of older SMEs. They no longer have to keep their businesses open against their will because they are financially unable to quit. From January 1, 2021, they can apply for compensation for the severance pay they have to pay in the event of a company closure.