Black Horse Motor Finance is to make
65 people redundant, the point of sale finance provider announced.
Eight new positions will be created at the motor finance lender,
resulting in a net job loss of 57 roles.
“We have taken the difficult decision to close our
Business Development Specialist and Sales Consultant channels, with
affected colleagues due to leave the business by the end of July
2010,” said a spokesman for Black Horse. “This decision reflects
our decision to focus on more committed relationships with our
dealers, and move away from purely transactional-based dealings.
Black Horse’s strategy is very clear; to focus on significant face
to face-based dealer relationships, through our sales teams to add
value to our dealers’ businesses.”
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Business development specialists at Black Horse are
field-based, dealing with dealers who are typically franchised with
no formal Black Horse agreement in place.
The sales consultant role, meanwhile, is similar to
that of an account manager, but is office-based, with the majority
of dealer contact carried out by telephone. The spokesman
emphasised that Black Horse Motor Finance “is very much open for
business”.
Black Horse Motor Finance is owned by Lloyds
Banking Group. The bank’s Black Horse personal finance and loans
department announced 585 job cuts at the end of January but the
bank’s motor finance arm underlined that, as a separate unit, it
was not affected by the wider redundancies.
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