The travel agency chain Bühler Lufthansa City Center is insolvent – because of the Corona crisis. The more than 30 branches are to remain open for the time being.
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The corona crisis is particularly affecting the tourism industry. The Bühler travel agency chain with its headquarters in Schramberg in the Black Forest is also feeling this. The company, founded in 1969 with more than 30 branches in Baden-Württemberg, Hesse and Lower Saxony, has now filed for insolvency.
“Despite tough cost-cutting measures and short-time work for our employees, we were not able to continue our large tourism company economically for nine months without significant sales,” say the managing directors Peter and Markus Finke according to the press release.
“The employees did an extraordinary job, but unfortunately had no significant income for it.” But now the financial reserves have been used up and the credit burdens can no longer be lifted.
The business operations of Bühler, which belongs to the Lufthansa City Center franchise company, are to continue for the time being. The 220 employees will receive bankruptcy payments from the state up to and including January.