Does anyone know what is happening with the people that worked on the Dollar/Thrifty side of the Business? Are they going to close Dollar/Thrifty?
Executive Bonuses paid out the day after filing CH 11!
This just spells it all out for you! Reuters has reported that the day after filing for chapter 11 Hertz paid out $16M in retention bonuses for all director level and up. Paul raked on a cool $700K and Jamere $600K! Wake up people!
NYSE trying to delist hertz
Hertz trading has been halted in the stock market and the NYSE is trying to delist the company completely from the market
Bankruptcy Fraud - Speculation
Some people are theorizing that HTZ bankruptcy filing may be denied b/c they have enough cash on hand to pay its creditors. I don't know about these things, but some are guessing MAYBE this was done deliberately to scare people and drive the stock... — read more
OJ Simpson considers working for Hertz again.
This is a must watch! #twitter https://twitter.com/therealoj32/status/1264374529012297729?s=12
Reality needs to sink in.
I have been with Hertz 15 years and there is no bigger supporter than me! I will do and did do anything and everything to help this company thrive. I supported Kathy and the previous leadership in their vision and direction for the company. But even... — read more
HLE Locations
Does anyone know what is going to happen to the HLE locations that are “temporarily” closed currently? Do we think they are going to try to open back up? Permanently close? Thoughts?
‘Business as usual’ joke
Isn’t it hilarious how the International Vice President Sales (David Kerr, in case you were wondering) is posting ‘Business as usual’ messages on LinkedIn? He has no idea what ‘Business as usual‘ means. 90% down on sales, huge numbers in... — read more
Hertz UK Bankrupt
https://metro.co.uk/2020/05/23/what-chapter-11-bankruptcy-hertz-uk-goes-bankrupt-12747151/?ito=article.amp.share.top.email Of course we know that it isn’t, but a complete lack of activity by Leadership, Communications and Sales/Marketing combined... — read more
Hertz is a terrible company to work for
The only good thing about Hertz, is their checks clear each week. Lower and upper management Don't know what is going on. Sad
What is the strategy going forward?
Hertz is in more than a pickle. Hertz is in real trouble. What will Paul's strategy to move our debt ridden company forward? Look at the insurmountable problems he now faces: Declared Chapter 11 No end in sight for COVID-19 Let go... — read more
Forbes coverage
Hertz Files For Bankruptcy After 16,000 Employees Were Let Go And CEO Made Over $9 Million After 100 years in business, Hertz filed for bankruptcy on Friday, proving to be yet another casualty during Covid-19... — read more
Take over time
Things are going to change fast! Sixt is going after Hertz AP spots. They have been gunning for a solid foot print at US airports. They have the cash and US regulators will not allow ABD Group and Taylor Brands to dominate the market. There must be a... — read more
Hertz Leaders are now $2 crack hoes!
Now that Paul Stone got low balled into taking the CEO position of a failing company that has lost money every quarter the last 5 years, all the Senior leaders and AP GMs will be turning $2 dollar tricks for the creditors like a 50 year old meth head... — read more
Now what for Europe, Australia and NZ?
WIll they sell us? Will continue to work as Hertz with the current ‘so called’ leadership? How much are we linked to US now?
June 12 furlough date
Does anyone on here still have a furlough date of June 12? It seems like most people on here are either still working or completely laid off
Chapter 11 filed confirmed
https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538?mod=mhp It’s been updated with the filing
Paul Stone's Title Just Changed
Hertz just announced that Paul will get a title change from CEO to Funeral Home Director. He will showcase the fine art of preparing the long time terminally ill Hertz patient's corpse when the lenders unplug the life support equipment and the... — read more
Severance pay after Chapter 11 filing
Once Hertz files Chapter 11, will they be required to continue to pay severance for those employees that received a layoff in April 2020?
Hertz -12% on report it's preparing bankruptcy tonight
https://seekingalpha.com/news/3577292-hertzminus-12-on-report-preparing-bankruptcy-tonight
Hertz Failure Not Realy Covid Related
Look at Avis value climb under strong leadership despite headwinds from Covid! https://www.fool.com/investing/2020/05/21/upgrade-drives-avis-budget-group-12-higher.aspx
Hello Chapter 11!
Stocks down to 1.75 after hours.
Any Updates Re: 5/22 Deadline For Hertz Paying Its Bills? Or Bankruptcy?
Was wondering if there was any news on today's extended deadline for Hertz to pay what it owed a month ago? Do you think they will file for bankrupcy this weekend, next week, not at all?
Poor management
I’ve been working for Hertz for almost three decades and have seen this company slowly crash to where it now. The problem is upper management the; decision makers, these dinosaurs are only in it for themselves, they are never held accountable, it’s... — read more
15-point cleaning process
Has anyone looked at the cleaning process Hertz is bragging about? The only changes are that we disinfect the car when it returns (for our benefit, not the customer) and then after normal cleaning process we spray it one more time with disinfectant... — read more
Bankrupcy Recovery Action Plan
Here is the detailed plan for recovery... Payout Kathy massive golden parachute to resign-Check Promote 2nd in charge responsible for failure to new CEO-Check Take on the payroll of 2 CEOs-Check Have last few salaried managers act as minimum wage... — read more
ZVP just said BK was coming this weekend
Our ZVP just let the GM know that they're going to file for bankruptcy over the weekend. Have you guys heard the news from your leadership yet?
Memorial Day
There has been some positive signs with an increase of car reservations made for Memorial Day Weekend. Maybe this is the jump start we needed.
How did this happen?
We were once a great company that was a pleasure and honor to work for. How in the world did we manage to get from there to where we are now? When bankruptcy is a realistic possibility? Who is responsible for this? When did things really start to go... — read more
What happens when a Company files Ch. 11
Lots of answers to your questions from salary to severance, 401k, pension, etc.... https://www.thebalancecareers.com/what-to-do-when-your-company-files-chapter-11-bankruptcy-316247
BK in the works
https://www.wsj.com/articles/hertz-lenders-brace-for-losses-from-formerly-triple-a-bonds-11589992344
New Interim CHRO
What’s the take on Gutrie? Anyone dealt with him directly in the past?
severance
anyone else having problems finding hertz.yourcareertransition. info webpage,so i can sign my severance agreement
Here is some SCOOP
Those who chose furlough weeks ago were all told that Furlough has ended with Hertz this past Wednesday. Those who refused to come back will lose your State benefits. So you have to come back and fight the disgusting people on vacation from NY... — read more
Unemployment
Did hertz file claim on your behalf ( more ga employees) if so have gotten benefits?
Denver airport
Hertz Denver International Airport laid off all employees that was on furlough today.
May 22nd work schedule
Has anyone that is expected to go back to work on May 22nd heard back from management on what their schedule will be?
Europe safe vs US screwed?
https://nypost.com/2020/05/19/hertz-wants-to-keep-european-business-solvent-as-it-eyes-bankruptcy/
Europe safe vs US screwed?
https://nypost.com/2020/05/19/hertz-wants-to-keep-european-business-solvent-as-it-eyes-bankruptcy/
Conference calls - more layoffs?
What happened with those conference calls mentioned yesterday? Is more people getting laid off? If yes, did you get severance package?