Coffee and tea company DE Master Blenders is scrapping 110 jobs, mainly at its headquarters in Amsterdam, the Telegraaf reports on Tuesday.

A company spokesman said the move is necessary to realise the ambition of becoming a leading coffee and tea company and to offset growing competition and price pressures.

Jobs will also go in Utrecht and Joure. ‘We expect to give more clarity in December,’ the spokesman said.

DE Master Blenders was taken over in October by German investors JAB and its shares were delisted. JAB paid €7.5bn for the company.

Dolf Polders of the CNV union told the paper he is disappointed the take-over has not led to the hoped for stability within DE Master Blenders.

DE Master Blenders has a workforce of 7,000 worldwide, of which 2,200 are in the Netherlands.