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The car rental company Hertz has filed for bankruptcy
in the US after
rentals. Hertz is the world's second largest car rental company and is a
name. It operates over 10,200 franchises in 150 countries on six
. It is one of the highest-profile companies to file for bankruptcy because of COVID-19. It had already furloughed or laid off more than 20,000 of its employees as rentals dried up
. This is about half of its global
. It said: "The
of the pandemic on travel demand was sudden and dramatic, causing an
decline in the company's revenue and future
." Hertz had $18.8 billion of
on its books as of March the 31st.
