Avis Budget to Eliminate Undisclosed Number of Jobs

Because of a slowdown in the travel industry, Avis Budget Group Inc. recently said that the car rental company is in the process of eliminating an undisclosed number of jobs as part of a cost-cutting effort, the Associated Press reports.

John Barrows, the company’s vice president of communications, said the cuts are not specific to any division of the company, job description, or geographic area.

Last month, Avis Budget reported a 35-percent drop in second-quarter profit, blaming high fuel costs and weak economic conditions for cutting into its commercial traffic volumes.

According to the AP, Avis Budget also said at the time that it expected the slowdown in the travel industry to continue into its historically soft fourth quarter. As a result, the company said it would cut staffing levels and adjust the size and makeup of its fleet to better match expected demand.

Barrows declined to reveal the exact number of jobs being eliminated, saying only that the reductions involved a “small percentage” of Avis Budget’s 30,000-member work force.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Job Finder: Access Top Talent. Fill Key Positions.

>