Only 1 Spanish Parador hotel to close instead of 7January 4, 2013 @ 2:19 am
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 (EURO)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.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Seattle's beleaguered tunnel project earns a spot atop a list of 11 'highway boondoggles'
'No War on Cars'
New head of Seattle DOT on controversies, congestion & the battle between bikes and cars
10 people you can't escape at Oktoberfest
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.