U.S. car rental company Hertz to lay off 10,000 staff By Reuters

April 20, 2020 admin Stock News 0

© Reuters. The logo of the American car rental company Hertz is seen at the Nantes-Atlantique airport in Bouguenais near Nantes

(Reuters) – U.S. car rental company Hertz Global Holdings Inc (N:) said on Monday it plans to lay off 10,000 employees to cut costs amid the economic fallout of the COVID-19 pandemic.

The company will incur employee termination costs of about $30 million, it said in a regulatory filing. (https://

The terminations were effective April 14 for non-union employees and effective April 21 for union employees, the company said.

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