More freelancers quit, bankruptcies also up slightly: CBS

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A total of 76,000 businesses closed in the first six months of the year, the highest number since 2007, when records began, national statistics agency CBS said Thursday.

Most of the businesses to fold – around 84% – had been started by freelancers, indicating they may have found permanent employment or given up.

“Coaches, physiotherapists, beauty specialists, many of them start and then stop,” CBS economist Marjolijn Jaarsma told NOS.

A large number of online shops have also closed and there has been a marked increase in the number of restaurants closing their doors, according to the figures.

There was also a slight increase in the bankruptcy rate, but it still remains extremely low, CBS said. One reason for this is the government’s coronavirus support package, which has allowed businesses to defer paying taxes.

CBS had said it expected a wave of bankruptcies when the deferral date passed, but that didn’t materialize. A total of 961 companies went bankrupt in the first six months of the year, 139 of which were run by independents.

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