Thread regarding Hertz layoffs

Furlough

Furlough is the only option, we have about 25 days of cash left BT said not looking good, yes we have a potential funding option but to buy cars and now rental numbers are almost wiped out again, perhaps AB will just use the funding to pay for the large executive team she has never reduced, her personal bonus and a few more business class flights home.

Jan will be another 15m loss at best, fleet orders are all on hold...AB has had a year to reorganise the business and to me it looks as though she’s effectively done nothing except believe she’s important, 30 days guys be afraid, and no consultants but Alan’s back in the game, and Rafael is behaving like a tyrant welcome to Hertz 2021.

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Post ID: @OP+18ZFWZ6l

7 replies (most recent on top)

We are thousands, no cuts were made last year unlike the US, leadership believed Covid was a Hoax, seems eventually they figured it’s not going away, but pretty late I’m afraid we have burned all the cash in the bank..it’s leaking everywhere now..

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Post ID: @8eoe+18ZFWZ6l

400 roles only in UK? Jeez..how many are you folks?!

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Post ID: @8qmt+18ZFWZ6l

How are they going to fund it?!

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Post ID: @8vxb+18ZFWZ6l

Over 400 affected roles in UK but not management or senior management!!

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Post ID: @8hms+18ZFWZ6l

Here we go again.

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Post ID: @4fsg+18ZFWZ6l

Where?

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Post ID: @3oti+18ZFWZ6l

More layoffs today!

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Post ID: @3vhx+18ZFWZ6l

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