UPDATE 1-Hertz 4th-qtr net up, but sees savings, job cuts

Newswire

(Adds details about results, forecast) NEW YORK, Feb 20 (Reuters) - Hertz Global Holdings Inc said on Wednesday its fourth-quarter profit rose on an increase in worldwide car rental revenues, but said it expects to cut jobs and improve efficiency to generate savings. The company said the results were achieved "despite economic headwinds in the U.S. affecting demand and pricing in the car and equipment rental businesses." It forecast annualized net savings, before restructuring costs, ...

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