Corona forces a new global company to declare bankruptcy! | around the world


The American company joined Rent a car “Hertz”International today, to the group of companies that declared their financial bankruptcy due to the huge losses incurred by the Corona pandemic.
Wall Street Journal: Hertz car rental will file bankruptcy in the nearest ...

In details, the company decided to liquidate its work in the United States of America and Canada, but it will continue to work in its main areas of activity Europe, Australia and New Zealand, due to what was reported by the “Forbes” website.

The company pointed out that the impact of the Corona virus epidemic was significant on the service as revenues fell dramatically in many European countries and in the United States and Canada.

Hertz added that it had taken “immediate measures” that prioritized the health and safety of its employees and customers, and canceled “all non-essential expenses”.

She pointed out that “ambiguity surrounds the prospects for the return of imports and the reopening of the market in full, as required by this step today.” And “Hertz” explained that twenty thousand people in total were actually demobilized, making up about half of the number of workers in the world.

It is noteworthy that the Corona virus epidemic forced many companies in the world to declare bankruptcy due to the huge losses incurred during the spread of the epidemic in the world.


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