The largest company in the world by the rental car company went bankrupt due to coronavirus

28

www.vsyako.netPhoto: Regis Duvignau / REUTERS

One of the largest companies in the world car rental, Hertz American filed for bankruptcy because of the crisis associated with the pandemic coronavirus. It is reported by RIA Novosti.

“Hertz Global Holdings and several of its affiliates in the U.S. and Canada voluntarily filed a petition for reorganization under Chapter 11 of the bankruptcy code in the court of bankruptcy”, — quotes Agency the statement of the company.

Explains what pandemic has led to a sharp decline in revenue and reduced bookings. The company assured that despite the reorganization, all offices and sites continue to serve customers.

20 may it was reported that the German economy in 2020, expects a record decline. The majority of German companies already on the verge of bankruptcy, according to data of the Federal Association of chambers of Commerce and industry of Germany. According to the forecast, the percentage of loss will be expressed in double digits of GDP.

Record economic crisis since the Second world war prepared by Sweden. Finance Minister Magdalena Andersson said that this year the largest economy in Scandinavia will be reduced by seven percent. Shortly after her statement in Sweden has been a record of 30-fold surge in lending amid rising unemployment. According to the survey, 40 percent of businesses in the service sector, the fear of bankruptcy

Video, photo All from Russia.

LEAVE A REPLY

Please enter your comment!
Please enter your name here