HML chief financial officer Neil Warman said: “For the last two years we have delivered an invaluable service to our clients, which has provided excellent results for their customers and them.
“However, as the CML identified in its figures last month, arrears are reducing, the market is now changing and, as a responsible business, we need to ensure we are the right size and shape to grasp future market opportunities.
“Following a review of the employee numbers needed to deliver services to our clients, we have regrettably made the decision to reduce capacity by 80 roles across our operations.
“We haven’t taken the decision lightly and do understand the personal impact on employees. We have put in place extensive support for those affected and will also be seeking to make some of the reduction through career breaks, reduced hours and redundancies.”
Employees who wish to volunteer for redundancy, career breaks, or reduced hours have been asked to express their interest by 26 July.
45 roles are at risk of redundancy in Derry and 35 roles are at risk across HML’s Padiham, Glasgow and Skipton sites.
Following a process of close consultation with HML’s union SURGE, all employees have been informed of the potential redundancies and the company has entered a 30-day consultation period, that runs until 15 August.
No redundancies will take effect before that date.
