Protests at the Carlos Saraiva (CS) Salgados Grande Hotel in Albufeira have begun due to alleged wage arrears of three months.
It is understood that around 340 employees of the resort have not received salary payments, which they say have been been legally agreed in the terms of their work contracts.
Groups of workers have gathered at the resort on several occasions to protest, with GNR officers present at the scene.
The CS chain consists of 11 hotel, apartment and golf resorts, including six developments in the Algarve located in Albufeira and Silves, with other locations including Lisbon, Madeira, Douro and the Alentejo, creating an overall investment of €1.4 billion.
In December 2011 the CS Resort released news of abandoning all construction work plans and that they were making agreements with several banks.
Following negotiations with Banco Espirito Santo, Banco Popular and BCP, the CS Resort released a statement to the press explaining: “These agreements enable a full financial recovery, and all commitments negotiated have been undertaken with our employees and suppliers.”
However, despite this agreement, employees made redundant claim that they have not received the money that they are entitled to.
“All hotels operating under the CS Resort brand will continue to assert itself as a chain of excellence in the five stars segment,” concludes the statement.
The CS Resort was contacted by the Algarve Resident regarding this situation but did not wish to comment.