New Savoy. Regency Palace. Minimum wage.

New Savoy too big?

New Savoy hotel

The construction of the new Savoy hotel is continuing at a blistering pace – the photo above, taken from Funchal Daily Photo, is already out-of-date, with the building now a couple of floors taller. The size of the new Savoy, being built by the AFA Group, and the increasing height, which is particularly evident along Avenida do Infante is at last beginning to causing some concern. The structure has already reached the tenth floor, with a total of thirteen floors planned for the southerly side overlooking Travessa Imperatriz D. Amélia.
There are other tall buildings nearby, notably the Carlton, but these are not particularly attractive, and the latest development could easily become a serious blot on the landscape. The hotel looks set to open on schedule next summer, with additional labour being taken on recently, adding to the initial workforce of 300 employed in January 2016. In their defense, the constructors are already paying a lot of attention to creating “green spaces”, planting tress and preserving existing ones. Nice to see the Prince Albert re-open recently after major re-furb – the pub will be dominated by the new hotel, but I guess it will be happy to see the increased business

Madeira Regency Palace

Madeira Regency Palace reincarnated as Pestana

Still on a hotel theme, thanks to Maurice for pointing out that Pestana are actually opening the “new” Madeira Regency Palace on May 1st, despite denying that they had anything to do with it just over a month ago (previous post). It will be marketed as all-inclusive, at a price of around €300 per couple per night according to their website, with discounts for earlier reservations.

Minimum wage comparisons

Minimum monthly pay chequeToday saw the National Living Wage in the UK rise to £7.50/hour, or, for someone working an average 37.5 hour week, £1218/month. Using today’s exchange rate this equates to €1433/month.
By coincidence the Madeiran Legislative Assembly has this week been discussing  various proposals for increasing the national minimum salary in force in the region. The government proposal, which should be approved, recommends an increase of 2.3% to the current €557 minimum wage in force at the national level. With this increase, the minimum wage in Madeira will increase to €570 per month – an increase of about €366 per year. Even though the practice was supposed to be stopped as part of the bail-out , monthly wages in Portugal are still paid for 14 months a year – so the actual minimum wage comes out at €649.83. Other political parties advocate higher increases, similar to the Azores (5%), where the minimum wage is slightly higher at €585/month.

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8 Responses to New Savoy. Regency Palace. Minimum wage.

  1. Richard Saturday, April 1, 2017 at 11:21 am #

    If you are a UK pensioner you will get a little over £477 (561€) per month, which is close to the minimum pay here.
    Just sayin’ 🙂

  2. mauricereed Saturday, April 1, 2017 at 12:06 pm #

    The new Savoy certainly is a huge edifice, much larger than the old Savoy & Santa Isabel hotels. More pics can be found here:-
    http://www.skyscrapercity.com/showthread.php?p=139218394#post139218394

  3. Ann Saturday, April 1, 2017 at 4:09 pm #

    The new Savoy is grotesque. Far too big, and a totally ridiculous blot on the landscape and on the views from further up towards Reid’s area. Will mar the view from our balcony even more than the wretched Carlton does. Yuk. Yuk. Yuk. 😱😱😱😱😱😱😱😱😱

  4. Joe Lucas Saturday, April 1, 2017 at 4:14 pm #

    IMHO,

    The minimum wage across Europe should be levelled out as much as possible. The Euro is of equal value across the EU so it would make sense to provide employees with equal value for their labour and time.

    The playing field needs to be levelled for the EU to make any sense which has so far not happened.

    Even Spain has nearly double the minimum wage compared to Portugal! We really do need a Porxit 🙂

    I was discussing an issue with a friend in regards to Brexit and treaties. Britain and Portugal being one of the world’s oldest allies, and have nearly always had treaties in place. Now that article 50 has been triggered I can see that the EU would block any such treaty being ratified without permission from the EU which of course would be blocked out of spite.

    Do take note of how the Eurocrats treated the Emerald isle when they opposed the Lisbon treaty and you will realise what federalism is about.

    The EU is on the way out or at least will be cut down to what it was meant to be originally, a free trade zone. Why can’t we have a trading currency? after all the dollar is used worldwide as a base currency…

  5. david blake Saturday, April 1, 2017 at 6:57 pm #

    its alright opening the regency palace, what about all the people who have lost a lot of moneywhen it closed,we had a timeshare but now we cant afford to come to Madeira.,we are pensioners.

  6. mauricereed Sunday, April 2, 2017 at 8:10 am #

    David Blake, have you seen the previous post on this? I believe some people got money back from their credit card company.

    ** Admin, might be worth posting a link here to the archive of posts on this topic so people can find them. I am not sure if Pestana are liable for the debts of the previous owners. Portuguese law will come into play.

  7. Admin Sunday, April 2, 2017 at 7:43 pm #

    David – the previous thread is here – but there are approaching 500 comments against this single post, so they may take a little wading through! However, I know that many people have obtained refunds as a result of using this co-operative effort: http://madeiraislanddirect.com/blog/2015/04/regency-palace-hotel-to-close/#comment-214499

  8. Carlos Monday, April 3, 2017 at 12:59 pm #

    The new Savoy (I guess they will continue to use the name, as they have adopted it down in Calheta) is going to be a real eyesore. I am surprised that there has not been more objections among elected representatives locally.

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