30th
June
2010
Hertz pledges job security in takeover bid
posted in Car Rental |
Car rental leader Hertz has moved to reassure staff and investors at Dollar Thrifty over job levels.
Hertz has announced that the potential takeover bid for Dollar Thrifty would not affect staffing for a minimum of three months; with the company’s Tulsa-based workforce guaranteed stability for that period should the proposed $1.3 billion acquisition go ahead.
Hertz CEO Mark Frissora made the announcement, and added that Hertz will continue the incumbent base wage, benefit, bonus and severance pay schemes for a minimum of 15 months after the conclusion of the transaction.
Frissora’s assurances came via a letter to letter to Dollar Thrifty CEO [...]
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