Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo
Workbench Logo

TLS Rental closes

By / 8 years ago / Latest News / No Comments

In a statement, the company said: ‘The decision was not taken lightly and came after extensive consultations with staff and equally exhaustive consideration of all viable alternatives.

‘TLS experienced a dramatic reduction in business during the general economic downturn and, despite extensive efforts over the last two years, has been unable to sustain sufficient scale to remain a viable and ongoing concern. While unfortunate, the decision taken is aligned with the GE’s global strategy to shrink GE Capital’s global balance sheet and invest in higher-performing businesses with scale, including those in the UK.’

For more of the latest industry news, click here.

Related Posts

The author didn't add any Information to his profile yet.

Leave a comment

You must be logged in to post a comment.