The Reading / Listening - Bankruptcy - Level 4

Hertz has filed for bankruptcy protection. The world's second largest car rental company has 10,200 franchises worldwide. It is one of the biggest companies to file for bankruptcy during COVID-19. It has furloughed about half of its global workforce after rentals dried up. It said: "The impact of the pandemic on travel demand was sudden and dramatic, causing an abrupt decline in...revenue and future bookings." Hertz has over $18 billion of debt on its books.



Hertz started in 1923 when John Hertz pioneered a "drive yourself" system. He started with 12 Model T Ford cars. His mission was, "to be the most customer-focused, cost-efficient vehicle...rental company." CNN said the pandemic has hurt the car rental industry. It said, "rentals have been "devastated by the plunge in travel since the pandemic hit". It said nearly two-thirds of revenue comes from rentals at airport locations and that air travel has "fallen sharply".

Try the same news story at these levels:

    Bankruptcy - Level 5 or  Bankruptcy - Level 6

Sources
  • https://edition.cnn.com/2020/05/22/business/hertz-bankruptcy/index.html
  • https://www.bbc.com/news/business-52780841
  • https://www.marketwatch.com/story/hertz-files-for-bankruptcy-protection-as-coronavirus-crisis-slams-car-rental-business-2020-05-22


Make sure you try all of the online activities for this reading and listening - There are dictations, multiple choice, drag and drop activities, crosswords, hangman, flash cards, matching activities and a whole lot more. Please enjoy :-)



Phrase Matching

Paragraph 1

  1. Hertz has filed for bankruptcy
  2. 10,200 franchises
  3. after rentals dried
  4. The impact of the pandemic
  5. sudden and
  6. an abrupt
  7. future
  8. Hertz has over $18 billion of debt
  1. decline in revenue
  2. on travel
  3. on its books
  4. worldwide
  5. bookings
  6. protection
  7. dramatic
  8. up

Paragraph 2

  1. Hertz pioneered a drive
  2. His mission was to be the most
  3. cost-efficient
  4. devastated by the plunge
  5. since the pandemic
  6. nearly two-thirds
  7. airport
  8. air travel has fallen
  1. in travel
  2. vehicle
  3. sharply
  4. hit
  5. locations
  6. yourself system
  7. customer-focused
  8. of revenue

Listening — Listen and fill in the gaps

Hertz (1) ___________________ bankruptcy protection. The world's second largest car rental company has 10,200 franchises worldwide. It is one of the biggest companies to file for bankruptcy during COVID-19. (2) ___________________ about half of its global workforce after (3) ___________________. It said: "The impact of the pandemic on travel demand was (4) ___________________, causing an abrupt (5) ___________________ and future bookings." Hertz has over $18 billion (6) ___________________ its books.

Hertz started in 1923 when John Hertz pioneered a (7) ___________________. He started with 12 Model T Ford cars. His mission was, "to be the (8) ___________________, cost-efficient vehicle...rental company." CNN said the pandemic has hurt the (9) ___________________. It said, "rentals have been "devastated (10) ___________________ in travel since the pandemic hit". It said nearly two-thirds (11) ___________________ from rentals at airport locations and that air travel (12) ___________________.

Put a slash (/) where the spaces are

Hertzhasfiledforbankruptcyprotection.Theworld'ssecondlargestcarr
entalcompanyhas10,200franchisesworldwide.Itisoneofthebiggestc
ompaniestofileforbankruptcyduringCOVID-19.Ithasfurloughedab
outhalfofitsglobalworkforceafterrentalsdriedup.Itsaid:"Theimpacto
fthepandemicontraveldemandwassuddenanddramatic,causingana
bruptdeclinein...revenueandfuturebookings."Hertzhasover$18billio
nofdebtonitsbooks.Hertzstartedin1923whenJohnHertzpioneereda"
driveyourself"system.Hestartedwith12ModelTFordcars.Hismission
was,"tobethemostcustomer-focused,cost-efficientvehicle...renta
lcompany."CNNsaidthepandemichashurtthecarrentalindustry.Itsai
d,"rentalshavebeen"devastatedbytheplungeintravelsincethepande
michit".Itsaidnearlytwo-thirdsrevenuecomesfromrentalsatairportlo
cationsandthatairtravelhas"fallensharply".

Student survey

Write five GOOD questions about this topic in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.

(Please look at page 12 of the PDF to see a photocopiable example of this activity.)

Discussion — Write your own questions

STUDENT A’s QUESTIONS (Do not show these to student B)

(a) ________________

(b) ________________

(c) ________________

(d) ________________

(e) ________________

(f) ________________

(g) ________________

(h) ________________

STUDENT B’s QUESTIONS (Do not show these to student A)

(i) ________________

(j) ________________

(k) ________________

(l) ________________

(m) ________________

(n) ________________

(o) ________________

(p) ________________





Free writing

Write about this topic for 10 minutes. Comment on your partner’s paper.

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Answers

(Please check your answers against the article above.

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