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
Hertz signing a deal to get $1.78B in loans
Expect a phone call or email in the next couple of days. Hertz MB be signing a $1.78 Billion dollar loan and aid package to continue operations with lenders and the Fed. Stipulation will be that they bring back 7,000 jobs to get the bailout! More to... — read more
Before you sign your severance agreement....
I see a lot of comments about severance pay and use of car for 90 days. Before you sign the package know you are also waiving all your rights to any future litigation! You are agreeing you will not sue or take part in any lawsuit against Hertz. ... — read more
Fleet Car After Severance
I was let go as a Function Manager after 6 years and I am devasted. Loved my job and my team, but I think I can move on with my life. Got about 6 weeks pay and get to keep a high mileage mid class until July 15th S part of my severance. I am in a... — read more
Severance
So messed up! I received a Severance package on the 14th and another package on the 19th. The package received on the 19th was $3798.00 less than the package I received on the 14th. I'm pondering who would be the best one to call to discuss the... — read more
Top Ten List of Funny Things at Hertz
Drum roll for the funny stuff at Hertz: OJ is still the face of the company. The Six Sigma garbage Pick pocketing customers at the counter, and then grading this aptitude through NPS scores. Ordering millions of $$$ of... — read more
Yahoo Finance Article
Confirming 10,000 US employees laid off. https://finance.yahoo.com/amphtml/news/u-car-rental-company-hertz-211359378.html
Farewell my colleagues in Denver
Despite the extremely poor leadership we always found a way to have fun! The front line staff truly wanted to help the customers and operations managers always supported and helped when needed. Our ZVP will not be missed! The worst leader ever! Will... — read more
Hertz got what it has coming to it. Fact or Fiction!
Took a job a few years back as a Location Manager because I was not very serious about my career or putting any effort into finding a good job. Was able to get away with working about 25 hours a week working nights at an airport as a PQM for $45K... — read more
Laid Off? Find a new job.
I actually liked my job with the company but can honestly still say Hertz is by far one of the worst companies to work for. I just got complacent and didn't move on when I should have. At least now I can look for a company that isn't rated as one of... — read more
Disappointed...
I left a really good company who is still taking care of their employees during this pandemic to come work for Hertz. I can honestly say that was the biggest mistake of my entire life. If I am washing toilets with my personal toothbrush daily, I... — read more
FactCheck Compensation
http://ir.hertz.com/sec-filings Find entry "DEF 14A Official notification to shareholders of matters to be brought to a vote ("Proxy")" dated March 27. Open PDF document, go to page 65 of the PDF (p.59 of the Proxy) and read bottom two... — read more
Cash Wasted!
Paul S. should really start reviewing the GM/DIR expense accounts. How much $$$ was wasted on booze at "meetings"– you think Seth's (ATL) expense account was bad?? Check out your other AP GM's- Top Shelf booze, str—ers, and the... — read more
Executive Compensation
Ouch....Could have saved alot of jobs Mainello-$2.9M Jackson- $1.63M Allen- $744K Kuppusamy- $748K Stone -$958K
For the lucky ones left
What are the odds the ones left will keep their jobs? I am a furloughed FM. Got furloughed the day everyone got laid off. Praying for a miracle.