Gap Fill - Bankruptcy - Level 6


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   abrupt      bookings      continents      debt      household      impact      plummeting      protection      workforce      worldwide  

Paragraph 1

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.

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