8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

October 30, 2008

Date of Report (Date of earliest event reported)

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	1-13647	73-1356520
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

5330 East 31st Street, Tulsa, Oklahoma 74135

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (918) 660-7700

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

(17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17

CFR 240.13e-4(c))

ITEM 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES

On October 30, 2008, Dollar Thrifty Automotive Group, Inc. (the “Company”) announced that it reduced its overall workforce by approximately 6% to adjust the Company’s cost structure for current economic conditions. The reduction affected senior management, 30% reduction; headquarters staff, 15% reduction; and the Company’s field staff, 5% reduction. The total workforce reduction involved approximately 400 employees. The Company expects that the workforce reduction will result in a charge in the fourth quarter of 2008 of approximately $4 million for estimated cash severance payments.

The Company’s press release relating to the workforce reduction is attached hereto as Exhibit 99.54 and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No. Description

99.54 News release reporting on workforce reduction, issued by Dollar Thrifty Automotive Group, Inc. on October 30, 2008

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC.

(Registrant)

October 31, 2008 By: /s/ H. CLIFFORD BUSTER, III

H. Clifford Buster, III

Executive Vice President, Chief

Financial Officer and Principal Financial

Officer

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INDEX TO EXHIBITS

Exhibit No. Description

99.54 News release reporting on workforce reduction, issued by Dollar Thrifty Automotive Group, Inc. on October 30, 2008

4

EX-99

Press Release

Exhibit 99.54

FOR IMMEDIATE RELEASE

DOLLAR THRIFTY ANNOUNCES WORKFORCE REDUCTION

Tulsa, Oklahoma, October 30, 2008: Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has reduced its overall workforce by approximately 6% to adjust the Company’s cost structure for current economic conditions. The reduction affected senior management, 30% reduction, headquarters staff, 15% reduction and the Company’s field staff, 5%. The total workforce reduction involved approximately 400 employees.

“We are taking this difficult action not only in response to current industry conditions, 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,” said Scott L. Thompson, President and Chief Executive Officer. “Today’s industry challenges have unfortunately required that we accelerate our efforts to realign our workforce and become more efficient.”

The moves announced today are expected to produce annual savings in the 2009 fiscal year of about $15 million. The Company expects that the workforce reduction will also result in a charge in the fourth quarter of 2008 of approximately $4 million for estimated cash severance payments.

About Dollar Thrifty Automotive Group, Inc.

Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission “Value Every Time,” the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 800 corporate and franchised locations in the United States and Canada, operating in virtually all of the top U.S. and Canadian airport markets. The Company's approximately 7,000 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network. For additional information, visit www.dtag.com.

This press release contains “forward-looking statements” about our expectations, plans and performance. These statements do not guarantee future performance and Dollar Thrifty Automotive Group, Inc. assumes no obligation to update them. Risks and uncertainties that could materially affect future results are detailed in the Company’s filings with the Securities and Exchange Commission, such as its annual and quarterly reports and current reports on Form 8-K.

Contacts:

Media: Chris Payne Investors: Todd D.Dallenbach

Senior Manager Staff Vice President

Corporate Communications Investor Relations

(918) 669-3086 (918) 669-2414

chris.payne@dtag.com todd.dallenbach@dtag.com