SAN FRANCISCO, Jan 5 (Reuters) - Hertz Global Holdings Inc. on Friday cut some 200 jobs in the United States in a move the car rental company expects will save up to $15.8 million annually.
The company said it expects to record a restructuring charge of $3.3 million to $3.8 million for the first quarter of 2007 as a result. Hertz said the cuts are at its corporate headquarters in Park Ridge, New Jersey, its U.S. service center in Oklahoma City and in its U.S. field operations.
The company, bought by private equity funds from Ford Motor Co. in December 2005 and then taken public last November, said the cuts were the first part of a longer term cost-cutting bid.
Source: Reuters
Top | Go Back
|
RSS Feeds |
Email this article | Printer friendly
| Discuss This Article
The opinions
expressed herein contain positions and
viewpoints that are not necessarily those of
Auto-Talk.net. These are offered as a means for
Auto-Talk.net to stimulate dialogue and
discussion in our continuing mission of being an
educational website/organization.
The Auto-Talk.net site may contain copyrighted
material the use of which may not always have
been specifically authorized by the copyright
owner. Auto-Talk.net is making such material
available in its effort to advance understanding
of auto and car topics, car safety, car
insurance and loan understanding and car fraud
awareness issues, etc. We believe this
constitutes a 'fair use' of any such copyrighted
material as provided for in section 107 of the
US Copyright Law. In accordance with Title 17
U.S.C. Section 107, and such (and all) material
on this site is distributed without profit to
those who have expressed a prior interest in
receiving the included information for research
and educational purposes. For more information
go to:
http://www.law.cornell.edu/uscode/17/107.shtml.
If you wish to use any copyrighted material from
this site for purposes of your own that go
beyond 'fair use', you must obtain permission
from the copyright owner.
|
