Share “Only 1 Spanish Parador hotel to close...”

Only 1 Spanish Parador hotel to close instead of 7

Published on NewsOK Modified: January 4, 2013 at 12:23 pm •  Published: January 4, 2013
Advertisement

MADRID (AP) — Only one of Spain's luxury Parador hotels will close, instead of seven, as earlier planned, following negotiations between the parent company and labor unions.

The hotels, located in historic buildings in some of Spain's most beautiful locations, are a symbol of the country's key tourism industry.

The General Workers Union's said in a statement Friday that the closure will result in 350 layoffs. Some 25 other Parador hotels will close temporarily and some will cease to have restaurants.

If the company had closed seven hotels, it would have cut 650 workers from its 4,400-strong workforce.

The group, which opened in 1928, expects losses of some €100 million ($130 million) in 2012 due to a drop in guest numbers. Spain is struggling to emerge from recession and has 25 percent unemployment.



AROUND THE WEB

  1. 1
    Apple Watch now works with August's designer smart lock
  2. 2
    KOCO: Man hit by stray bullet at Southwest Oklahoma City apartment complex
  3. 3
    KFOR: Train travel suspended in OKC's downtown after rider jumps from train
  4. 4
    KFOR: Abandoned apartment complex known for catching fire sets ablaze again
  5. 5
    KFOR: Police say Tulsa man survives after being shot in the face
+ show more

FEATURED JOBS



× Trending life Article