Monday, September 12, 2005

Cendant Steps Up Efforts to Locate and Support Employees of Fairfield Timeshare and Avis and Budget Rental Car Units

Cendant Corporation announced that it isstill attempting to make contact with 85 of its Fairfield Resorts, Avis andBudget colleagues who lived and worked in the areas devastated by HurricaneKatrina. The Company continues to encourage co-workers, friends, relatives oranyone else with information concerning the whereabouts of these associates(see list below) to contact Cendant through a special toll-free hotline(866-827-2347). "I am very pleased to report that we've made significant progress over thepast week and have located nearly 460 of our employees who were in theaffected areas," said Henry R. Silverman, Cendant Corporation chairman andchief executive officer. "Fortunately, we've been able to move theseemployees and their families into hotels, resorts and other temporary housing.Additionally, we've taken steps to ensure that all displaced employees arepaid in a timely manner, and we're helping them find alternative employmentwithin our company, thus bringing some degree of normalcy and financialstability back into their lives." Efforts to locate employees have included a dedicated advertising andpublicity campaign in the affected and surrounding areas; the distribution ofinformational flyers at Red Cross shelters; the placement of a large banneroutside the Reliant Astrodome in Houston that promotes the Cendant employeehotline phone number (photo is available upon request); networking throughfellow displaced employees; the cross-referencing of employee names with listsof evacuees; posting notices on Web sites established to help peoplereconnect; and the dispatch of Company managers to shelters. About Cendant Corporation Cendant Corporation is primarily a provider of travel and residential realestate services. With approximately 85,000 employees, New York City-basedCendant provides these services to business and consumers in over 100countries.


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