Fleet News

Major restructuring and investment at GE Capital

GE Capital Fleet Services has announced a major restructuring which will see significant investment in new offices and sites, and the closure of its premises in Evesham and Leamington Spa. The two centres to close are the former headquarters of Leasecontracts and BRS Car Lease, both acquired by GECFS in the past four years.

The leasing and fleet management giant has offered alternative employment to all staff whose positions are being made redundant through site closures. The Leasecontracts sales team will now use GECFS's Slough offices as a base, one of three premises which will act as a focus for the group's business in future, along with its new corporate headquarters, due to open in Sale by the summer, and the 60-acre site of its subsidiary logistics company Pantech Vehicle Services in Thurleigh, Bedfordshire.

Managing director Jonathan Burr said: 'We have carried out extremely detailed reviews of all aspects of our business in the light of the current economic climate, the changes expected with the Euro, and our analysis of future service development. 'The various initiatives we are now taking early in 1999 will mean that we are in the strongest possible position to meet the expanding needs and expectations of the UK and European fleet markets in the near future.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee