It has come to our ears that GE Commercial Finance have just made 40% of their sales team redundant with the focus of the lay offs being with the salesmen inherited from Five Arrows after the take-over last year.
The lending targets have also been halved which is interesting as we didn’t think that GE were approving any new deals at all.
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Posted under Factoring, GE Commercial Finance
This post was written by Ian on January 22, 2009
