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Udlejningsgigant on the verge of collapse

The global car rental company Hertz has applied for konkursbeskyttelse for its activities in north America. It informs the company, according to Reuters.

Hertz has thus filed a bankruptcy in the UNITED states and Canada. It writes CNN.

The economic problems are due to coronakrisen, which has torn the rug out from under the travel industry and the demand for rental cars.

By searching on the konkursbeskyttelse have Hertz the opportunity to continue operating while it tries to get to get a handle on the economic problems.

Within virusbruddet hit with full force, it went well for the over 100 year old enterprise, which both in January and February increased revenue.

But viruspandemien triggered a so 'suddenly and violently' drop in revenue to the company financial is on your heels.

Hertz had hoped to conclude an agreement with the creditors before Friday for an extension of the loan agreements, but it did not succeed the parties to agree. The company has a debt of over 18 billion u.s. dollars.

By the end of 2019, had Hertz around 38,000 employees worldwide.

In north America, the Hertz according to the AFP news agency axing 10,000 posts in order to cut down on the cost.

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