Bol.com, the mail-order arm of the Ahold Delhaize group, is to cut its workforce by some 10% in order to make savings of €225 million over the next three years.

Most of the 300 jobs will go by not replacing people who leave the company, and the rest will involve not renewing temporary contracts, the Financieele Dagblad reported on Thursday.

Marketing and purchasing budgets will also be scrutinised for potential cuts, the paper said.

The FD bases its claims on a recording of a personnel meeting earlier this week, during which chief executive Margaret Versteden outlined the job cuts to staff.

Versteden said that growth, which was boosted considerably by the coronavirus pandemic when shops were closed, is now flat.

Earlier the company had said it expected considerable growth in sales this year but they will now remain at the 2021 level, Versteden said. The company does not expect further growth next year either, the FD reported.

In August, Ahold Delhaize scrapped plans to launch Bol.com on the Amsterdam stock exchange, saying market conditions were not good enough to do so.