Multinationals a major job motor in Amsterdam
Throughout the Amsterdam Metropolitan Area, foreign multinationals, defined as foreign companies with a subsidiary in the Netherlands, employ about 172,000 people. Dutch multinationals, defined as Dutch companies with a subsidiary abroad, employ about 117,00 people in the Amsterdam region.Amsterdam also has the highest concentration of jobs at foreign multinationals, at 32%. In total, multinational companies account for 40% of jobs in the Dutch private sector, for two-thirds of total private sector turnover, and for over 80% of the trade in international goods.
A small group of firms good for many local jobsAs the report explains, "a small group of multinationals are of major importance to the Dutch economy." Foreign multinationals that are particularly important to the Amsterdam Metropolitan Area include Tata Steel, supermarket group Lidl, and department store V&D, which is owned by Sun Capital.
Others include US sportswear company Nike, which employs about 1,400 people in its EMEA headquarters in Hilversum, and the networking equipment company Cisco Systems, which provides jobs to about 1,000 people at its EMEA headquarters in Amsterdam Zuid-Oost. In addition, Adidas, IKEA, and Tesla Motors also have a major presence in Amsterdam.