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Financial services company FinTrU is cutting jobs in Northern Ireland as part of a “proposed restructuring”.<\/b><\/p>\n
In a letter seen by BBC News NI, the Financial Services Union (FSU) raised concerns around the fairness of the consultation process.<\/p>\n
The company provides support services, including compliance and risk management, to major banks from offices in Belfast, Londonderry, Letterkenny in the Republic of Ireland and Porto in Portugal.<\/p>\n
The FSU understands 95 employees in Belfast are at risk and a further 19 are at risk in Londonderry.<\/p>\n
It said that with a total of 114 employees at risk, the consultation process should last for a minimum of 90 days and should be restarted.<\/p>\n
The company has confirmed it has initiated a “proposed restructuring affecting a number of roles”.<\/p>\n
It said it follows “a wider strategic review” and is part of an “organisational realignment to support long-term growth and ensure it remains aligned with evolving operational needs”.<\/p>\n
FinTrU said it is committed to supporting employees affected by the proposals throughout the consultation process.<\/p>\n
Craig Arden, industrial relations organiser with the Financial Services Union, said the “proposed redundancies will have a significant impact on workers and their families”. <\/p>\n
“Our members are deeply concerned not only about the prospect of losing their jobs, but also about the fairness of the process being followed,” he said.<\/p>\n
“FinTrU has been widely recognised as one of Northern Ireland’s economic success stories. <\/p>\n
“We believe workers who have contributed to that success deserve to be treated fairly, consulted meaningfully and provided with appropriate support if redundancies cannot be avoided.”<\/p>\n
The most recent accounts for 2025 show the FinTrU Group had 1,360 employees, down from 1,419 in 2024.<\/p>\n<\/div>\n