Paul's Retirement Plan

Wow! Can't believe the balls on these guys... No wonder CFO quit! https://www.bloomberg.com/news/articles/2020-08-28/hertz-seeks-5-4-million-in-executive-bonuses-during-bankruptcy-keet26zl

Hahahhha. You couldn't make this up. And this is on top of $16.2 Million they just took 90 days ago. And for rest of you, make sure you show up tomorrow (or on Monday) and keep k–ling your selves working hard, because your senior leaders will... — read more 

https://www.marketwatch.com/story/hertz-seeks-up-to-15-billion-in-bankruptcy-loan-2020-08-27

Hertz will be dead soon, upper management is milking the company to dead, protect yourself because at the end the front-line employees will get screwed.

Anywhere else hit?

So much about the elimination of GMs and director roles when will we start seeing the RVP's go away? They are the most useless group out there. They have no one to lead since they cut all their direct reports., In the west central our VP is pretty... — read more 

Hertz set to close 15 small (regional ap) locations by end of the month.

Have to cut a bunch of HLE GMs. RAC GM will run their markets no prob... sorry

Just eliminated a HLE GM position in the West. Airport GM will run HLE. Who’s next?

$847 million net loss on $832 million revenue. These numbers are just mind boggling and can explain why both Carl Icahn and the CFO got out.. hard to dig out of a hole this big

https://news3lv.com/news/local/former-caesars-ceo-charged-with-accounting-misconduct-during-hertz-tenure

And another one is leaving the sinking boat...chapter 7 is coming.

Even if the job came with lower pay?

According to the Warn notice in OKC today will be another round of layoffs. This usually means the folks in Florida and beyond will experience layoffs. I guess I will just wait around for my name to be called. We are all like sitting ducks... — read more 

So Enterprise was purchasing most of the cars we were supposed to sell.. but I just heard they backed out last minute and screwed Hertz and left them with a bunch of cars. Not sure whose brilliant idea it was to trust a competitor to help bail us... — read more 

So it looks like senior management is back tobusiness as usual. No transparent communication, do as I say not as I do and treat employees like trash. (Except when they visit then they bring out all the ballons) No staff, pressure to get your numbers... — read more 

I read earlier that Hertz will have to sell 200,000 cars by the end of 2020. 1) Is this even possible? 2) What happens if they fall short 3) What will happen to DTG? A concerned employee...

Who got laid off months ago for good? If so, Hertz owes us money. After a few weeks of being laid off I contacted HR and the local whatever her position was and asked where my INCENTIVE pay was that earned when I worked? She came back and said she... — read more 

Hertz owes me 31K in severance pay.. Did anyone out there use the Website provided Or did you get a lawyer ??? I have not heard anything from the company ...and I was told I would be back to work July ..September at the latest But I dont see... — read more 

What's the latest from the inside? Sounds like bankruptcy will come to an end once the company sells enough cars by end of year. What do you see on the inside? In the field morale is at absolute zero and everyone is looking for exit strategy

HLE is a mess and leadership has been terrible. VPs must think they’re on vacation because I haven’t seen them put in the work to help anyone do anything. Must be nice to hang out at home for the past 4 months. Things are starting to crumble. West is... — read more 

Have an interview coming up with Hertz for a management position. What's life and morale like on the ground level? Is there a chance that they will make it through this at least at the airport level? Do management level employees still get company... — read more 

Where the hell are they getting the $650 million from? (Bloomberg) – Hertz Global Holdings Inc. agreed to pay lenders who indirectly control the company’s fleet of rental cars $650 million under a deal to suspend a bankruptcy court fight over the... — read more 

I know that corporate customers cannot use the bankruptcy to break their contracts, but once they’re up for renewal, that could all change. They will definitely have the upper hand when that time comes. Has anyone heard of any corporate departures or... — read more 

any vendors getting payments or know when they might receive payments

https://www.autorentalnews.com/10121576/liquidation-on-the-table-for-hertz

"Dear Valued Employees, As you may be aware, there was a technical error in processing recent pay increases on July 1, 2020. This resulted in employees receiving an incorrect rate of pay on your check dated July 9, 2020. We had anticipated that... — read more 

Is it true that you need to meet arpd qualifications in order for them to hire you back. At my location they said that I’m not qualified but I qualified for hle.

It seems like everyone being rehired is the worst of the worst. Lazy,unproductive, young id–ts that have no drive or motivation, management really s—s at there choices of rehires, you would think corporate hr would look at these employees work... — read more 

Noticed that I am getting a couple dollars more an hour than I am owed. Not going to mention it to upper management. They can s— it.

With the prediction of running out of cash by September, I’m curious if Hertz will convert to Chapter 7? I can’t see anyone coming to the rescue or Hertz securing a DIP loan with so much debt.

Other than a lot less employees I have seen and heard zero actions towards turning things around. More deliveries? Layoffs? Not sure if now is the time to keep announcing promotions. At the higher lvel managers there has been zero change in their... — read more 

That's how it's been functioning for the past several years, and that's how it'll end. By making sure all the good employees are screwed over while the select few walk away with everything. Nobody still here should be surprised by this. I wish... — read more 

15k people riffed in the field in Ops 100’s riffed in Estero most of the recruiters and Trainers let go Company claimed bankruptcy Why is everyone in HR getting promoted?