The Reading / Listening - Bankruptcy - Level 5

Hertz has filed for bankruptcy protection in the US after falling rentals. The world's second largest car rental company is a household name. It has 10,200 franchises on six continents. It is one of the highest-profile companies to file for bankruptcy during COVID-19. It has furloughed or laid off over 20,000 of its workers (about half of its global workforce) as rentals have dried up. It said: "The impact of the pandemic on travel demand was sudden and dramatic, causing an abrupt decline in the company's revenue and future bookings." Hertz has over $18 billion of debt on its books.



Hertz started in 1923 when John Hertz bought a small car rental company. He pioneered a "drive yourself" system. He started with a dozen Model T Ford cars. His mission was, "to be the most customer-focused, cost-efficient vehicle...rental company in every market." CNN wrote about how the pandemic has impacted the entire car rental industry. It said rentals have been "devastated by the plunge in travel since the pandemic hit earlier this year". It added that 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 4 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. a household
  3. It has furloughed or laid
  4. rentals have dried
  5. demand was sudden and
  6. causing an abrupt
  7. future
  8. Hertz has over $18 billion of debt
  1. up
  2. bookings
  3. protection
  4. on its books
  5. off over 20,000
  6. name
  7. decline
  8. dramatic

Paragraph 2

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

Listening — Listen and fill in the gaps

Hertz (1) ___________________ bankruptcy protection in the US after falling rentals. The world's second largest car rental company is (2) ___________________. It has 10,200 franchises on six continents. It is one of the highest-profile companies to file (3) ___________________ COVID-19. It has furloughed or laid off over 20,000 of its workers (about half of its global workforce) as rentals (4) ___________________. It said: "The impact of the pandemic on travel demand was (5) ___________________, causing an abrupt decline in the company's revenue and future bookings." Hertz has over $18 billion (6) ___________________ its books.

Hertz started in 1923 when John Hertz bought a small car rental company. He pioneered a (7) ___________________. He started with a dozen Model T Ford cars. His mission was, "to be the (8) ___________________, cost-efficient vehicle...rental company in every market." CNN wrote about how the pandemic has (9) ___________________ car rental industry. It said rentals have been "devastated by (10) ___________________ travel since the pandemic hit earlier this year". It added that nearly two-thirds of revenue comes from rentals (11) ___________________ and that air travel (12) ___________________.

Put a slash (/) where the spaces are

HertzhasfiledforbankruptcyprotectionintheUSafterfallingrentals.Th
eworld'ssecondlargestcarrentalcompanyisahouseholdname.Ithas1
0,200franchisesonsixcontinents.Itisoneofthehighest-profilecomp
aniestofileforbankruptcyduringCOVID-19.Ithasfurloughedorlaidoff
over20,000ofitsworkers(abouthalfofitsglobalworkforce)asrentalsha
vedriedup.Itsaid:"Theimpactofthepandemicontraveldemandwassu
ddenanddramatic,causinganabruptdeclineinthecompany'srevenue
andfuturebookings."Hertzhasover$18billionofdebtonitsbooks.Hertz
startedin1923whenJohnHertzboughtasmallcarrentalcompany.Hepi
oneereda"driveyourself"system.HestartedwithadozenModelTFordc
ars.Hismissionwas,"tobethemostcustomer-focused,cost-efficientv
ehicle...rentalcompanyineverymarket."CNNwroteabouthowthepan
demichasimpactedtheentirecarrentalindustry.Itsaidrentalshavebee
n"devastatedbytheplungeintravelsincethepandemichitearlierthisye
ar".Itaddedthatnearlytwo-thirdsrevenuecomesfromrentalsatairpo
rtlocationsandthatairtravelhas"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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