Fleet News

Publisher phases out 200-vehicle fleet in cash-for-car move

A NATIONAL magazine publisher has scrapped its fleet of almost 200 company cars and is now offering employees a cash- for-car scheme as an alternative.

London-based National Magazines Company said by offering a cash option, its employees would have more flexible and worthwhile benefits.

Fleet Alliance is overseeing the transition for the publisher which produces titles such as Cosmopolitan and Esquire and is advising the company's employees on issues such as the amount of cash available and funding options.

Diane Thorpe, director of facilities at the National Magazine Company, said: 'Fleet Alliance also recommends insurance packages for employees that eliminate the risk of ownership. The new system is working very well and we hope to offer Fleet Alliance's services to all employees by the end of the year.'

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