U.S. car rental company Hertz to lay off 10,000 staff on coronavirus hit

Hertz had about 38,000 employees as of Dec. 31, 2019, of which 29,000 were at its U.S. operations. The company, which counts billionaire investor Carl Icahn as its largest shareholder, will incur employee termination costs of about $30 million, it said in a regulatory filing. The terminations were effective April 14 for non-union employees and effective April 21 for union employees, the company said. …read more

Source:: Yahoo Finance

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