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Reuters
The firm, which makes much of its earnings from cars and truck leasings at airports, stated it had been affected by the sharp decline in worldwide travel.
The company – which started operating a century earlier in Chicago with a dozen Design T Ford cars – had actually already furloughed or laid off 20,000 employees, or around half of its global labor force, in reaction to the pandemic.
Prior to the pandemic the business had actually collected billions of dollars in debt, with the rise of ride-hailing apps leading to a drop in need for cars and truck rentals.
source https://jobsearchtips.net/hertz-vehicle-rental-firm-apply-for-us-personal-bankruptcy-security/
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