The Palace hotel in Madrid presents an ERE to lay off 152 employees

The trickle of layoffs in large hotels continues. To the ERE presented by NH to finally dismiss 189 workers from its central services and the file sent to Meliá for a substantial modification of working conditions at the Meliá Castilla de Meliá hotel, now joins the ERE that will present the Palace hotel in Madrid, owned by the Archer Hotel Capital fund and managed by the hotel giant Marriott.

Union sources already advanced to Cinco Días earlier this week that the company had conveyed to the representatives of the 420 workers its intention to begin negotiating a collective dismissal. Just a few days later, The company has already communicated to the unions that it intends to present soon an employment regulation file (ERE) to dismiss 152 employees, which represents 38% of the 400 workers on the payroll.

These same sources reveal that the company has also informed the unions that it will present a file of substantial modification of working conditions, based on the unprecedented drop in income after a year of closure due to poor sanitary conditions derived from the coronavirus and restrictions on the entry of national and international travelers. This substantial modification, which would fundamentally affect salaries, will have to be well justified to prevent justice from knocking her down, as has happened in the case of the Meliá Castilla in Madrid.

The 120 million loan, granted in October by BBVA and Credit Agricole, has not been enough, to provide the historic hotel with the sufficient liquidity necessary to pass these difficult months for the sector. In fact, this loan comes from the financing with which first Starwood and later Marriott bought the Palace in 2006. This loan has subsequently been extended and the hotel has managed to avoid debt maturities in the coming quarters.


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