The outsourcing firm said it was entering the consultation period with staff who worked on its db account over the next 30 days, with db expected to announce details of its restructuring imminently.
Issuing the following statement, Vertex said: “Vertex is entering a 30-day consultation period with employees working on its db mortgages account.
"db mortgages has reviewed its strategy within the mortgage market for 2008 and will be implementing a revised business model in 2008 which will require the reduction of costs within its business.
"Up to 55 jobs are potentially at risk across the marketing, sales, underwriting and risk functions. This move has been necessitated by the current conditions in the mortgage market.
"Vertex has briefed all its employees working on the db mortgages account who are potentially affected as part of these proposals.”
