The Lloyds Banking Group, which owns the two vehicle leasing giants Autolease and Lex, has confirmed another raft of job losses.

The announcement last week that another 2,100 jobs will go follows the loss of 1,660 full time jobs announced in June.

Some of the job losses will be at Lex and Lloyds TSB Autolease where it is believed at least 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 two lease companies, which will see overlapping roles made redundant.

There will also be changes to the products offered by the new leasing giant, which is the UK’s largest.

Lex Autolease has already stopped offering personal contract products, although a spokesman confirmed that will continue to offer personal contracts for corporate customers.

“As part of the process of bringing together the two leading contract hire companies in the UK, there will be some restructuring of our new business and broker teams where there is overlap,” Nigel Stead, managing director of Lex Autolease told Fleet News.

“We have fully consulted with colleagues throughout this process and they remain our key priority. We are doing everything we can to support them through this period of change to help them find roles in the new structure or in Lloyds Banking Group.”