Hertz lays off 10,000 employees due to pandemic impacts on corporation
Hertz car rental company has laid off approximately 10,000 employees due to continued impacts the coronavirus pandemic has had on the corporation.
According to the report submitted to U.S. Securities and Exchange Commission, Hertz has taken “proactive and aggressive actions to manage costs and reduce capital expenditures” related to decrease in travel demand. That included employee furlough programs.
Terminations became effective for non-union employees April 14 and will become effective April 21 for union employees.
MORE: See full Hertz report