In the wake of the credit crunch, GE Capital Solutions is to
undertake a strategic review of its business that may lead to
redundancies – which could potentially hit its car leasing
subsidiary, GE Capital Solutions Fleet Services.
In the wake of the credit crunch, GE Capital Solutions is to
undertake a strategic review of its business that may lead to
redundancies – which could potentially hit its car leasing
subsidiary, GE Capital Solutions Fleet Services.
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A spokesperson for GE Capital Solutions said: “We can confirm
that GE Capital Solutions, the leasing, lending and asset
management business, has completed a strategic review of its UK
operations in light of the ongoing global economic turmoil.
“As a result, GE Capital Solutions – which includes major fleet
management, equipment leasing and commercial distribution finance
operations – will concentrate on providing value-added solutions
and services to mid, large and multi-country customers across
Europe.
“This will mean changes to the UK organisation and we have written
to employees to engage them in the process.”
In all, 350 employees have been informed of the restructuring
across the business.
Motor Finance Issue: 45 – July 08
Published for the web: July 25 08 16:7
Last Updated: July 25 08 16:7
