US rent-a-car major "Harts" bankruptcy impacted by corona movement restrictions May 23 14:00
In the United States, where the movement of people has greatly decreased due to the spread of the new coronavirus, a major car rental company, “Hearts”, applied for the application of the federal bankruptcy law, which is the Japanese Civil Rehabilitation Law, and the business went bankrupt.
According to the announcement, on the 22nd, the American rental car giant "Hertz Global Holdings" applied for the application of Article 11 of the Federal Bankruptcy Code, which is the civil rehabilitation law of Japan, to bankruptcy. Total debt is estimated to be about JPY 2 trillion in Japanese yen.
Cars are indispensable for domestic movement in the United States, and many people rent cars at airports, so there are rental car bases at almost all airports in the United States, and Hearts is the largest.
However, due to the spread of the new coronavirus and the restriction of movement of people, the demand for air travel has decreased significantly, and car rental companies have lost their main source of income, making it difficult to maintain vehicles and bases Was getting worse.
According to the company, we will secure new funds and continue operating as before, but we are faced with severe management, such as the decision to reduce the number of employees by 20,000, which is half of North American employees. ..