GTW-Grimm Touristik Wetzlar has filed an application for preliminary insolvency proceedings at the Wetzlar Local Court. GTW is one of the leading package tour operators in Germany. The reason for the insolvency is the standstill of all travel due to the Covid 19 pandemic. According to GTW, it can be assumed that operations can be continued. Orders are sufficiently available, the company is well organized and has a team of 50 FTEs.
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