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Avis cuts 2,200 jobs, to close Orlando facility
By EmploymentCrossing.com
http://www.EmploymentCrossing.com
Car rental company Avis Budget Group said it eliminated more than 2,200 positions across all areas of its business, as part of its plan to lower costs.
The company plans to close its claims processing facility in Orlando, Florida; freeze management salaries; and increase its retail car rental rates.
Avis said it was forced to cut more jobs, as the number of employees willing to leave was below the required target.
In late October, Avis said it had cut 700 jobs in the third-quarter, and expected a pre-tax loss of up to $1.2 billion as travel declined.
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