EMCC European Monitoring Centre on Change

Riu Hotels & Resorts

Riu Hotels & Resorts

Geographic Location

Country: Spain
Region: Las Palmas; Canarias
Location of affected unit(s): Corralejo (Fuerteventura)


Sector: Hotel / restaurants
Accomodation and food service activities
55.10 - Hotels and similar accommodation
Group: TUI

Employment Effects

Announcement Date: 19-07-2019
Planned Job Reductions min: 383
Type of Restructuring: Internal restructuring
Direct Dismissals: 383

Additional Information

Spanish hotel company Riu Hotels & Resorts, owned for 50% by German tourist group TUI, announced a collective dismissal plan for the Olivia Beach hotel staff, which is expected to affect 383 workers. According to the company, the measure derives from the deadlock of a renovation plan (valued at €40 million) with the administrative authorities. The renovation plan was tabled in November 2018 in order to reach four-star status. Social partners are planned to meet on 24 July to negotiate the terms of the labour force adjustment.