Spanish Hotel Chain Parador To Lay of 14 % Of Its Workforce

With the drastic economic downturn in Spain, every business is doing what it can in order to outlast the recession. Hotel chains are often worse off than other businesses, because their livelihood depends on high consumer spending. Hotel occupancy is wavering at about 52%, far less than the normal numbers.

This article talks about the Parador hotel chain, which has developed a new plan to survive the recession.

Unfortunately, that means a lot of job cuts for current employees. This article takes a piercing look at the reasons that the Parador is facing economic problems and what the chain can do to stop the problems. read full report here: