Keys to a turnaround, Sell Donlen ASAP Sell DTAG ASAP- get what we can!!! 3 Close all but the top 60 AP locations. Close most HLE locations Exit TNC business Fire most AP Directors, and force GMs in Top 30 to take 25% pay cuts... — read more
Trimming the fat
We can all attest that there are those who deserve to be ‘cut’ because they bring no real value to the company other than trying to look busy when in reality nothing gets accomplished. From GMs, to Directors, to RVPs we need to make a few of those... — read more
Tuesday wait list
With the directive to push utilization as high as possible how's it going in the field today?
Sing it with me
“If our business does not recover quickly and we are unable to successfully restructure our substantial indebtedness, obtain further waivers or forbearance or raise additional capital, there is substantial doubt that we will be able to continue as a... — read more
New CEO will turn Hertz around
Paul is doing the right things to get Hertz back on track. Hertz will be a very strong company by 2022.
COVID $10K and $7K bonuses for AP Operations
Senior Leaders to announce COVID $10K Director bonus and $7K FPM, MM, and LM bonuses for those that stay through June 30th 2021. Just hold tight people. There is good coming amid all ths uncertainty.
Is anyone else other then PHX extremely busy and going through long wait times,
For the past few weeks every Thurs to Sat, Phx has had up to 6 hr wait for cars due to overbooking and no cars, extremely short staffed, long lines and working 12 hr days and making no commission because of this. We were rehired back to make money... — read more
Next round of cuts?
Do we know anything yet?
Bob rides off into the sunset with his Porsche
1800 service units still.... corvettes, Porsche, Mercedes, Escalades, all for low level corporate employees for free. That’s where your money is going guys. Who wants to see the list????
Corporate Sales
I heard once State Farm goes co-primary they are going to get rid of the corporate sales team and all the LAEs. CR they are coming for you. Better watch your back.
Layoffs @ Estero Today
More to come
Donlen potentially sale
https://www.bloomberg.com/news/articles/2020-09-01/hertz-is-said-to-weigh-donlen-leasing-business-sale-to-pay-debt
Describe Hertz in 3 Words
Paul's Retirement Plan
Another $5.4 million in executive bonuses
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
"Hertz Seeks $5.4 Million in Executive Bonuses During Bankruptcy"
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
Hertz out money
https://www.marketwatch.com/story/hertz-seeks-up-to-15-billion-in-bankruptcy-loan-2020-08-27
Take what you can
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.
Layoffs in sales today
Anywhere else hit?
Time to cut the RVP's
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
Small AP to be closed by EOM
Hertz set to close 15 small (regional ap) locations by end of the month.
More HLE GMs no longer needed
Have to cut a bunch of HLE GMs. RAC GM will run their markets no prob... sorry
Eliminated HLE GM position
Just eliminated a HLE GM position in the West. Airport GM will run HLE. Who’s next?
Q2 results
$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
Mark fizzora busted
https://news3lv.com/news/local/former-caesars-ceo-charged-with-accounting-misconduct-during-hertz-tenure
CFO leaving
And another one is leaving the sinking boat...chapter 7 is coming.
Would you leave today if you got a job offer?
Even if the job came with lower pay?
Lay-offs Today
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
Another dumb decision
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
Buisness as usual for senior management
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
Do you think Hertz will make it?
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...
OWED MOMEY?
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
Severance pay
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
Any HQ or Estero employees...
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 a MESS
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
Interview at Hertz
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
Hertz to Pay $650 Million to Halt Lender Fight Over Fleet
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
Hertz Corporate Accounts
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