The preliminary layoffs were confined customer support and recruiting teams. The most recent layoffs will affect employees across all divisions.
While employees are furloughed they will still have access to healthcare, and will be eligible for unemployment benefits.
In addition to employee furloughs, CEO Kathryn Marinello is relinquishing 100% of her base salary. Hertz is temporarily closing some 600 locations in Europe.
Hertz and Avis Budget Group have begun cost-cutting measures as travel demand drops dramatically following the coronavirus pandemic.
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.
The alliance is advocating for government intervention to protect millions of jobs and small- and medium-size business.
The Hertz Corporation is the first car rental company to earn this title from Ethisphere.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
