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FinTrU Restructures, Job Cuts Hit Northern Ireland
21 Oct
Summary
- FinTrU is implementing a restructuring plan impacting roles.
- 114 employees in Belfast and Londonderry are at risk.
- The company cited organizational realignment for long-term growth.
Financial services company FinTrU has initiated a proposed restructuring that will affect a number of roles within its Northern Ireland operations. This strategic move follows a wider review and aims to realign the organization for sustained growth and to meet changing operational demands.
Sources indicate that 95 employees in Belfast and 19 in Londonderry are currently at risk of redundancy, totaling 114 affected individuals. The Financial Services Union has expressed concerns regarding the fairness of the consultation process, advocating for a minimum 90-day period and urging a restart.
FinTrU, which offers support services like compliance and risk management to major banks, has offices in several locations including Belfast, Londonderry, Letterkenny, and Porto. The company has affirmed its commitment to supporting all employees impacted by these proposals throughout the ongoing consultation period.
