LEX / Lloyds Autolease Merge

Lloyds Banking group which owns vehicle leasing giants Autolease and Lex have confirmed more job losses. Last weeks announcement that another 2100 jobs will go follows the losses of 1660 full time jobs announced in June. Some of the losses will be at the Lex amd TSB Lloyds Autolease where it is believed that 39 staff working in the broker section will go from a team of 90. The losses are the result of the ongoing merger of the 2 leasing companies which will see the overlapping rolses made redundant. There will also be changes to the products offered by the new leasing giant, which will be the UK's largest. LEX Autolease has from the 1st July stopped offering Personal Contract Products. New reported by Fleet News

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