Estero, Florida-based The Hertz Corp. notified state officials that it has laid off 38 employees at its facility at Milwaukee Mitchell International Airport in Milwaukee.
Today, a Wall Street Journal report says the rental-car company is preparing for a possible bankruptcy filing.
“The rapid and drastic decline in travel volumes due to COVID-19, have caused car rental bookings to fall off dramatically, causing unforeseen business circumstances,” the company said in a letter to the state.
Despite the coronavirus pandemic, Mitchell International remains in operation, but passenger traffic has fallen dramatically, dipping 53% in March.
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