Dollar Thrifty Lays Off 6% Of Workforce

Dollar Thrifty Automotive Group late yesterday announced an approximately 6 percent reduction in its workforce to adjust Dollar Thrifty's "cost structure in the current economic conditions." Reductions were made to senior management, headquarters staff and field staff.

"We are taking this difficult action not only in response to current industry conditions," said Dollar Thrifty president and CEO Scott Thompson in a statement, "but also as part of our long-term commitment to profitable operations in both good times and bad, and to an organizational structure that remains flexible and well positioned to take advantage of opportunities as they arise."