Gap Fill - Bankruptcy - Level 5


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   continents      debt      demand      dramatic      impact      largest      name      protection      revenue      workforce  

Paragraph 1

Hertz has filed for bankruptcy in the US after falling rentals. The world's second car rental company is a household . It has 10,200 franchises on six . 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 ) as rentals have dried up. It said: "The of the pandemic on travel was sudden and , causing an abrupt decline in the company's and future bookings." Hertz has over $18 billion of on its books.

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