MENU
SEARCHHertz and Avis Budget Group have begun cost-cutting measures as travel demand drops dramatically following the coronavirus pandemic.
Neither company revealed the number of employees to be laid off.
Photo via Depositphotos.
Hertz Global Holdings has begun to furlough workers and Avis Budget Group is cutting compensation for executives and senior employees, according to a report in Bloomberg.
According to an internal memo acquired by Bloomberg, Hertz started furloughs on March 21 and is cutting its rental fleet.
Avis is also reducing its vehicle fleet and pausing capital spending, the company announced in a statement on Monday. The statement said reservations have plummeted by 60% for April, with a potential for further decline.
Neither company revealed the number of employees to be laid off.
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
Read More →
The integrated business model combines each operator’s local expertise with international standards to boost sales.
Read More →
The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
Read More →
Revcuity, an outgrowth of Frontline Performance Group, aims to help clients capture more revenue moments with face-to-face customers, including in the car rental space.
Read More →
Martin Romjue has been editing and reporting for ARN since 2023 and fully transitioned to the role of chairman of the International Car Rental Show in 2026.
Read More →
