
The preliminary layoffs were confined customer support and recruiting teams. The most recent layoffs will affect employees across all divisions.
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While employees are furloughed they will still have access to healthcare, and will be eligible for unemployment benefits.
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In addition to employee furloughs, CEO Kathryn Marinello is relinquishing 100% of her base salary. Hertz is temporarily closing some 600 locations in Europe.
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Hertz and Avis Budget Group have begun cost-cutting measures as travel demand drops dramatically following the coronavirus pandemic.
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China Auto Rental Inc. (CAR), China’s largest car rental company, has started selling some of its assets to help survive the economic downturn caused by the Coronavirus outbreak.
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The alliance is advocating for government intervention to protect millions of jobs and small- and medium-size business.
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The Hertz Corporation is the first car rental company to earn this title from Ethisphere.
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