The new Marina d'Or prepares an ERE, contract changes and outsourcing for losses of 100 million


The new Marina d'Or prepares an ERE, contract changes and outsourcing for losses of 100 million


The new owners of the Marina d'Or complex in Oropesa del Mar (Castellón), renamed Magic World, have decided to undertake a series of measures to compensate for the "accumulated losses" by the previous managers that amount to almost one hundred million euros in the last years.

Among these measures is the implementation of an ERE from which "only 7% of workers will be affected", changes to contracts with a discontinuous permanent category "to avoid layoffs" and the outsourcing of some services of the tourist complex.

According to sources from Grupo Fuertes and Magic Costa Blanca, the company has had to implement a series of strategic measures aimed at addressing the losses accumulated by the previous owners, which amount to almost one hundred million euros in recent years.

Last fiscal year 2023, despite the recovery of the sector, the company generated losses worth approximately 15 million euros, which is why they defend that these measures are "essential" to guarantee jobs and the viability of the company. "These initiatives seek to guarantee the continuity of more than a thousand direct jobs, as well as many other indirect jobs," they say.

Faced with this situation, the managers have decided to implement an "ERTE / ERE" to make adjustments, "with the main objective of safeguarding the viability and stability of the project in the long term and protecting jobs."

The adjustments are primarily focused on jobs identified with duplication, with the intention of optimizing the organizational structure and focusing on operational efficiency. "Only 7% of workers will be affected by the ERE," they guarantee. "Of them, the majority (about 65%) are proposed to change the contract model with a discontinuous permanent category to avoid layoffs and retain the greatest number of jobs".

Along the same lines, the owners have chosen to outsource some of the complex's services to "guarantee the success" of a project in which they trust "to boost tourism and the economy of the entire Valencian Community."

Management recognizes the difficulty of these decisions, but insists that these are "crucial measures" to reverse accumulated losses and ensure the long-term sustainability of the new Marina d'Or: "The absolute priority is to safeguard as many as possible of direct and indirect jobs that help us create a reference tourist resort and thereby contribute to the economic well-being of the entire Valencian Community, to the growth of our tourism and to the maintenance of business activity in the area.

Last week, after its presentation at the international tourism fair FITUR and generating more than 5,000 pre-reservations, Magic World made a positive assessment of its first week on sale to the public. In seven days, its five hotels managed to generate reservations worth nearly two million euros.