Department store chain Hudson's Bay is leaving the Netherlands this year. The company announced this on Thursday.

Hudson's Bay has 15 stores in the Netherlands. Closing the Dutch branch is no big surprise. The Canadian company decided earlier that cuts had to be made and withdrew from the German market.

Earlier, the Financieele Dagblad and trade union CNV already reported that the department store would leave the Netherlands, although the company did not want to confirm that at the time.

Trade union CNV calls it a "painful message for the 1,424 employees". The union does, however, praise the company for having concluded a social plan.

"Especially because the HBC adventure took so short, the group did not have the obligation to conclude a social plan for many employees. In the past we also saw retailers who pulled the plug and declared themselves bankrupt. employees are then left empty handed, "says CNV director Jacqueline Twerda.

See also: Hudson's Bay in the Netherlands: Short and not that powerful