Car rental leader Hertz has moved to reassure staff and investors at Dollar Thrifty over job levels.

Hertz has announced that the potential takeover bid for Dollar Thrifty would not affect staffing for a minimum of three months; with the company’s Tulsa-based workforce guaranteed stability for that period should the proposed $1.3 billion acquisition go ahead.

Hertz CEO Mark Frissora made the announcement, and added that Hertz will continue the incumbent base wage, benefit, bonus and severance pay schemes for a minimum of 15 months after the conclusion of the transaction.

Frissora’s assurances came via a letter to letter to Dollar Thrifty CEO Scott Thompson and sought to provide piece of mind to the 700 employees at the Tulsa site. In the letter, Frissora claimed that he understood the uncertainty that the takeover bid had generated amongst Dollar Thrifty employees and that he hoped to align Hertz with Dollar Thrifty in responding to those staff concerns.

Hertz, said Frissora, would maintain the status quo for workers during any integration process, while also offering financial protection for staff that depart the organisation. He further confirmed that current severance plans would be maintained for a twelve month period across the group, with Tulsa employees afforded an additional three months. Frissora claimed he wished for the letter to be taken as confirmation of intent to maintain all Dollar Thrifty employment contracts by Hertz, adding that he hoped that employees would have some of their fears alleviated by the reassurance.