Corona-the crisis in the US: car rental company Hertz announces insolvency

The car rental company Hertz has signed in the Corona-crisis in the United States insolvency. The decrease in travel have led to a "sudden and dramatic" decli

Corona-the crisis in the US: car rental company Hertz announces insolvency

The car rental company Hertz has signed in the Corona-crisis in the United States insolvency. The decrease in travel have led to a "sudden and dramatic" decline in sales and bookings, the company said, with headquarters in Estero, in the U.S. state of Florida on Friday evening (local time).

During the due to the crisis, the necessary restructuring of the business would continue. The company has more than a billion dollars (920 million euros) in Cash to keep the operation going. International operations of the Car rental company in Europe, Australia or new Zealand will not be affected by the bankruptcy filing.

in March decided: half of all employees discharged, or on leave of absence

In the message it was said that Hertz have already taken measures, as the crisis in March had signed. So had at the time been decided that a leave of absence to worldwide, 20,000 employees worldwide, or to dismiss, with about half of all employees. The number of vehicles and locations will be reduced. We intend, nevertheless, customers continue to have the same quality to offer, and to pay suppliers and workers. Also, loyalty programs should be continued. Hertz Global Holdings EUR 2.60 -0,22 (-7,95%) Tradegate
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Hertz is the largest rental car companies in the world, and rented vehicles under the company name, Dollar, and Thrifty. Hertz informed, the group can, with its largest creditors on a long-term reduction in payments to some of them. Also hopes for the support of the US government had been for a car rental company smash.

Due to Corona-pandemic: a list of the insolvent U.S. traditional companies will no longer>

Since the escalation of the Coronavirus pandemic in the United States in March, more than 38 million people have lost at least temporarily their Job - as many as never before in such a short period of time. The United States are due to the pandemic in a serious economic crisis. President Donald Trump is urging the US Federal States as quickly as possible loosening of the protective measures to put the economy before the presidential election in November again. In PCP In PCP In the

rob/dpa
Updated Date: 23 May 2020, 10:26

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