Hertz Global Holdings, the parent company of Hertz Car Rental and Hertz Vacations, is facing financial difficulties due to increased competition in the car rental industry. As part of its bankruptcy proceedings, the company has announced plans to restructure its operations.
According to reports, Hertz Global Holdings is seeking to reorganize its business as a step towards emerging from bankruptcy. The company's restructuring efforts will involve reducing debt and repositioning its assets for future growth.
"The decision to reorganize the company has been made in consultation with lenders and stakeholders," said a spokesperson for Hertz Global Holdings. "We are confident that this move will position us for long-term success."
https://ordonews.com/hertz-global-wants-to-reorganize-as-part-of-bankruptcy-proceedings/