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

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>