Spain News : Costa Blanca
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1000 jobs go at Marina d'Or in Oropesa
By h.b. - Apr 5, 2008 - 2:31 PM
ALSO SEE : • New plan for the empty new properties in the Valencia region - May 21, 2008 - 8:07 AM

Marina D'or - Photo 20 minutos.es
Marina D'or - Photo 20 minutos.es
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The company admits that sales are down by 60 percent and profits at levels of three years ago
The real estate crisis in Spain has affected one of the largest businesses on the Costa Blanca, the Marina D’Or development in Oropesa, Castellón, which is now reported to have sacked 1,000 workers since last summer, most of them immigrants.

The company, owned by businessman Jesús Ger, now as a workforce of some 2,500, according to the General Manager of the Group, Federico Rivas, who was speaking to the Catalan TV station TV3. He said that sales were down 60% and profits were cut to the levels they were three years ago, but said that despite the slowdown they still have plans to build 40,000 more homes in Spain.

Most of the new development will be at Marina d’Or Golf, which will see the construction of three golf courses and hotels on a 16 million square metre site at Cabanes, close to Oropesa del Mar. The new project is reported to be linked to Mundo Ilusión, which is promoted by the President of the Castellón provincial Government, Carlos Fabra, and financed in part by the Valencian regional Government.

Marina d’Or also have plans to move into development in Morocco.


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ALSO SEE :
• New plan for the empty new properties in the Valencia region - May 21, 2008 - 8:07 AM
• Cabinet confirms financial aid for youngsters searching for rental accommodation - Nov 2, 2007 - 7:45 PM
• Junta sets up new Real Estate Commissioner for the Western Costa del Sol - Sep 28, 2007 - 8:52 AM
• Government wants new express eviction plan to stimulate the rental market - Sep 27, 2007 - 8:47 AM
• Three charged in Marbella Real Estate case - Sep 27, 2007 - 8:27 AM
• No bidders for the Mestalla Stadium in Valencia - Sep 20, 2007 - 6:19 PM
• Thousands demonstrate for better housing across Spain - May 6, 2007 - 10:39 AM
• Fall in housing sales in Madrid - Apr 6, 2007 - 7:01 PM
• Partido Popular is gathering information on alleged real estate irregularities in Chiclana - Apr 2, 2007 - 8:13 PM
• EU report criticises Real Estate development in Spain - Mar 28, 2007 - 8:22 AM

Comments

Irene
05 Apr 2008, 16:07
Marina d'Or is exactly the sort of development that Spain should be suspending instead of knocking down beautiful private homes that are causing no problems to anyone. Marina d'Or is ugly, huge and a blot on the landscape.
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