Hertz is a global leader in the rental car business. In addition to offering rental cars, Hertz also has divisions for renting moving trucks and vans as well as equipment, from chainsaws to backhoes. On January 16, 2009, the company announced that it would be reducing its workforce by 4,000 employees worldwide.CNNMoney: Hertz Announces Workforce Reduction... (January 16, 2009)

From August 2006 to November 2008, Hertz cut its workforce by 22 percent. In January 2009 it announced further cuts that would put its total workforce reduction down to 32 percent off the August 2006 numbers. These reductions are expected to save Hertz between $20 - $25 million in operating costs.CNNMoney: Hertz Announces Workforce Reduction... (January 16, 2009)