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 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.
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rob/dpa Date Of Update: 23 May 2020, 10:26
