Coronavirus: Car rental firm Hertz files for bankruptcy after pandemic losses The car hire company had lost all its revenue by the end of March, court documents show.

The car hire company had lost all its revenue by the end of March, court documents show.

Car rental company Hertz has filed for bankruptcy after travel came to a standstill during the coronavirus pandemic.

Despite being allowed to stay open as an "essential business", the firm was forced to close the majority of its branches across the UK and Ireland when COVID-19 hit.

The company lost all its revenue soon after the UK went into lockdown and plunged £15.3bn into debt by the end of March, court documents reveal.

It has also had to cut 12,000 jobs worldwide...
source: The Sky News

2020-05-23 11:26
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