Mercedes finance majors have been left with just two jobs after the car maker closed its doors.
Mercedes Finance Majors has laid off 11 people, including its chief financial officer, chief financial analyst and its chief executive.
The news comes a week after it was announced Mercedes Finance Major jobs were being eliminated in its US and UK offices.
The announcement came as part of a deal that saw the German automaker merge with finance giant Fidelity Investments.
Merchants UK office was closed in August, with Fidelity taking over its UK operation in November.
It will be replaced by an online banking service, which will be launched next month.
The UK department of finance said it was also taking over the operations of Mercedes finance departments in France, Germany, Italy and Spain.