Thousands of tourists stranded after Dutch travel firm collapses

Thousands of tourists stranded after Dutch travel firm collapses

Around 7,000 travellers have been left stranded after Dutch travel company Oad collapsed.

Oad, one of the biggest travel firms in Holland, was declared bankrupt on Wednesday afternoon, with the loss of 1,450 jobs, according to local reports.

The company shed 170 jobs in March as part of a reorganisation.

It is not yet clear how the holidaymakers will be brought home.

People who have booked breaks with Oad will either get their money back or a replacement holiday.

'We are losing one of the sector's biggest players,' Frank Oostdam, chairman of the Dutch tour operator organisation ANVR told news agency ANP.

The company was founded in 1924 and offered bus holidays. It is still a family-owned firm.

Oad also transports Dutch football supporters to international matches abroad, ANP said.

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