Car Rental Giant filed for Bankruptcy | ASX Market Update

May 23, 2020 04:04 AM PDT | By Team Kalkine Media

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Facebook employees will have the option to permanently work from home but can expect a pay cut if they move to less expensive areas to continue the job. Facebook CEO Mark Zuckerberg announced via livestream that he expects about 50 per cent of the company's 50,000 staffers to work remotely within the next five to 10 years.

Tasmanian premier Peter Gutwein has added to calls for the Australian government to extend the Jobkeeper payment scheme, which is a temporary subsidy for businesses. Eligible employers, sole traders and other entities can apply to receive $1,500 for each eligible employee a fortnight. It follows revelations that there have been reporting errors relating to the scheme.

Car-rental giant Hertz filed for bankruptcy Friday night after it was unable to reach an agreement with its biggest lenders, Hertz filed for Chapter 11 protections in the U.S. Bankruptcy Court in Wilmington, Delaware, making it one of the largest corporate casualties of the coronavirus pandemic’s widespread economic fallout as travel restrictions decimate the rental car industry.

#Hertz #Facebook #Kalkine

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