PARK RIDGE, N.J. (AP) — Hertz is moving its headquarters from New Jersey to Florida, putting the company in the middle of a key travel market and trimming corporate expenses after its $2.3 billion buyout of one-time rival, Dollar Thrifty.
Up to 700 jobs will shift to Florida over a two-year period. More than 2,000 Hertz and Dollar Thrifty workers will stay in New Jersey, including about 150 employees from the current headquarters in Park Ridge.
All other Park Ridge workers will be able to keep their current positions at the new headquarters in Estero, Fla., just north of Naples on the Gulf Coast.
Hertz Global Holdings Group Inc. closed on its acquisition of Dollar Thrifty Automotive Group in November.
Dollar is based in Tulsa, Okla.