Has anyone heard anything about employees being told to call in tomorrow for OKC res center. Was furloughed til june 12th received message to call in tomorrow for webex meeting. Really worried being that bankruptcy expected to be filed this week.
Hertz Atlanta
We are working so hard and no one is looking out for the employees that are still here. They say we should be thankful that we have a job!.. We cannot take a vacation day! But higher management can go on vacation whenever they feel like it.
Q1 Earnings Call
Kathy jumped off the earnings call real fast with no Q&A! Was not ready to face the firing squad. Tells you how much of a fraud and coward she is. Reading her prepared statement then bailing with Jackson..
Jobs for Delivery drivers
Just saw all the jobs listed on the website. It looks like HZ is reorienting in delivering goods with their vehicles... I thought that was to move the vehicles for repo but really it is a new strategy to utilize the fleet. Don't know what to think... — read more
Layoff & Furlough Tally To Date
Q1 Call Ttanscript ... 12K Laid off with another 4K currently under furlough .... fyi (start date to furloughs was more like March 20, not March 30 as recorded here). Full transcript... — read more
Automakers Will Feel The Hit
Hertz’s Cancels New Car Orders To Help Forego Bankruptcy: Automakers Will Feel The Hit By Dawn Geske 05/12/20 AT 3:01 PM ... — read more
Contracts with party city
Does anyone know what the contracts with party city are all about? Is hertz basically just shelling out employees as 3rd party delivery drivers now to make extra cash?
HERTZ cars repoed - fake news
It's been couple of days since this was reported on here, but there is not a word about this in the news. I am sure media would be all over this. So, unless you can tell us locations where from which cars are repoed, we have to think people are... — read more
It’s time to move on.
We get it, you hate Hertz. But maybe instead of acting like you’re over your crazy ex you actually get over it? It s—s what happened to us and I feel terrible for everyone involved, but no one could’ve anticipated the events that got us to this... — read more
Hertz Cancels New Car Orders
Just reported by IBTimes: "Hertz Global Holdings (HTZ) continues to show signs that a possible bankruptcy filing Is coming as the company looks to preserve liquidity and has reportedly canceled 90% of its new car purchases for 2020. The decision to... — read more
They are just using coronavirus as an excuse!
Unless they are planning to liquidate, there is no reason to lay off 24K people. This is just their way of trying to maximize profits with as few people as possible when things return to normal. The whole coronavirus thing is nothing other than an... — read more
Calling Employees Back
Long huddle this morning at my location. We are being offered OT next week to help move cars. They also are calling back 3 mechanics. Things are starting to be getting back to normal.
12,000 out of 16,000 furloughed employees being moved to permanent job cuts
There was just an article the other day from market watch with a quote from Kathy saying since there is no end in sight for the decline of business, out of the 16,000 that were furloughed on March 30th, 12,000 of them are getting a permanent job cut... — read more
Used Car Market to Tank
Think about it. It looks like we have started with the repo process, some sales too. We have half million cars on our lots, if we go under all of that will flood the market and the used car sales market will drop like a stone. Also, it's not just... — read more
HTZ BK / South Florida Wasteland
What would a Hertz bankruptcy mean for Southwest Florida? Hertz is in deep financial trouble. A new filing with the Securities and Exchange Commission questions whether the Estero company can last another year. If it goes bankrupt, it could have... — read more
Cars got repo'd today.
54 cars just hauled off this morning under court order. Never seen anything like this before. Fleet Pool Manager look liked he saw a ghost. Working the gates was boring the last 16 years until today. So surreal! It was like something out of a movie... — read more
Stay focused better days ahead
For all those impacted , as challenging as it now you have a bright future. As a former manager at Hertz I know the level of commitment and skill you all have. Succesffully navigating and executing on senior managers moving targets you have learned... — read more
Bolloxed
https://www.google.co.uk/amp/s/amp.ft.com/content/cb632d0b-6910-40d9-9596-ca97c479ba06 Anyone got a spare billion lying around?
Hawaii Layoffs today
Staffing reductions in paradise!
Hertz is hiring???
Just saw a job posting on hertz career site for 100 drivers in Detroit. Things that make you go hmmm...
Kathy has left the building
The only long term solution to all of Hertz's problems, is if we heard the words "Kathy has left the building and taken her P&G, GE's, and Walmart crooks with her." Yes this is my dream, my wish and my hope.
This is what will Happen at Hertz
On or about 5/22 Hertz will file for Chapter 11. A clean slate. Debt will be reduced from $19.54 Billion down to $8Billion. Common shares will be given to another $3Billion. Hertz will drastically change its reliance on travel and move into the... — read more
How long will this last?
People call this a lifeline, but it's not. It's a temporary bandaid on a gaping wound and it's just a matter of time before it falls off once again. How they got anybody to actually agree to something like this is beyond... — read more
FURLOUGHED EMPLOYEES
I just heard rumor they are planning to bring furloughed people back this week or next week. Do you know anything about this? Also, did anyone refuse to go back to work due to safety concerns? Thank you in advance. I appreciate all the answers. — read more
Salary of Grumpy Hertz Leaders restored to Pre Covid19 level amid bankruptcy talks
Bunch of money hungry executives ready to gobble up everything at the cost of real hard working laid off employees ... Hertz Global Holdings Inc. disclosed Tuesday that it was restoring the salaries of senior executives to pre-COVID-19 levels... — read more
Senior Leadership are stuffing their pockets with $$ as the Titanic sinks!
So disgusting to see Kathy destroying this 100+ year old brand. She did nothing but badmouth the previous regime, and then had such little business sense that she never had a cohesive plan to keep this overextended sh#tty operation running during... — read more
Why is European leadership silent?
Nothing from Angela Brav. Nothing from the Country Leaders. I am lucky because I have a great manager who keeps me informed. But I want to hear from our leaders, because I know that our financial position is fully broken, and I know then are... — read more
Poorly ran company...this was a long time coming
Where to begin: they made up positions for the higher ups friends to occupy, a dept full of "trainers" at the call cntr that hadnt been on the phones in 10+ yrs nor had even taken a call in the dept they were "training" people for, the fraud running... — read more
This is the end for a company spurred by greedy and incompetent executives...Time to cap executive compensation
Hertz: The car rental company's stock plunged 23% in extended trading after The Wall Street Journal reported that Hertz secured an additional advisor to help with bankruptcy proceedings... — read more
$500m due May 4th otherwise bankruptcy it is...
Hertz struggles during coronavirus pandemic while Avis stays afloat... https://nypost.com/2020/05/03/hertz-struggles-during-coronavirus-pandemic-while-avis-stays-afloat/ And Enterprise is now #1
Youtuber nails it - this is why...
https://youtu.be/GaBfqcBPOas ‘You are s—, 100%’
Oops - looks like HR messed up (again)
https://www.reuters.com/article/employment-hertz/in-brief-hertz-sued-over-failure-to-give-employees-advance-notice-of-layoffs-idUSL1N2CJ1Y5
Last gasp for air.....
Based on the communication and lack of from Estero the end is near. Little or nothing is being done to save the company instead the leaders are preparing for the most economically positive exodus. For those of us still around the joy of not being... — read more
Hertz Misses Lease Payment, Prepares for Potential Bankruptcy
https://www.wsj.com/articles/hertz-misses-lease-payment-prepares-for-potential-bankruptcy-11588172258 Hertz Global Holdings Inc. is preparing for a possible bankruptcy filing after the rental-car company failed to make lease payments to preserve... — read more
HTZ stock...a lot of trading
Have you noticed how important were the trading of the Hertz stock over the last days. Over 4 times the average trading... Is there something about to happen?
Furlough in the United Kingdom
VP Operations sending letters about tough situation in the country. Four weeks ago it was all about love for the people and keeping prices up. Now screw the staff and rent vans to the government for 15 quid a day. Going down in style! After 16+... — read more
Hertz is gasping for air as it smells its own stinky farts!
The facts: On April 24, it was reported that Hertz would start working with debt restructuring advisors, as its $17 billion in debt (966% debt-to-equity ratio) was viewed as potentially unsustainable. With the effect of the pandemic becoming... — read more
Hertz now has a C credit rating..could deplete cash this quarter...any surprise? NO
https://finance.yahoo.com/amphtml/news/hertz-could-deplete-cash-quarter-190924282.html
Hertz Layoffs
What a shame to happen to what once was a great company to work for. But, I can't say that I am surprised. When I worked for Hertz (21years), it was a lot of fun. My coworkers and many of my regular customers were like family. My management chain of... — read more
Restructuring
Restructuring experts have been brought in . . . https://mobile.reuters.com/article/amp/idUSKCN2253S4