Estero-based Hertz lays off employees, extends furloughs for others
Estero-based rental car giant Hertz has laid-off employees and extended furloughs for others as the coronavirus pandemic continues to impact the travel industry.
Hertz said Tuesday that a portion of employees who had been furloughed have been laid off, while a smaller portion of employees have had their furloughs extended.
“There is still no clear picture of when travel trends will begin to rebound and to what degree,” the company said in a statement.
Furloughs were implemented in March across the company’s U.S. locations, including at their corporate office in Estero. The company employed about 38,000 worldwide.
“Like the rest of the global travel sector, COVID-19’s impact on Hertz arrived swiftly, and the reversal in customer demand has been significant,” said CEO Kathryn V. Marinello, who has relinquished all of her base salary, according to the company.