The company, which handles mortgage arrears cases on behalf of some of he UK's biggest lenders, said around 80 jobs across its Derry, Padiham, Glasgow and Skipton sites were facing the axe - with Derry bearing the brunt of the redundancies.
But, yesterday, HML's Mike Hildred told the 'Journal' there would now be no compulsory redundancies at the Derry centre.
" I'm happy to report that there were no compulsory redundancies in Derry and 19 (employees) have been selected for voluntary redundancy. In terms of the future, as a responsible business we will continue to review our shape and size as the market evolves."
Speaking to the 'Journal' yesterday, an HML employee, who does not wish to be named, said staff were pleased no one would be forced out of their jobs.
" But we don't know what the future holds, " he says. " People here are suggesting we could be looking at a further round of job losses before Christmas."
The latest round of redundancies is the second time this year HML has cut jobs. In March, Derry escaped a cull of 100 jobs across the company's UK sites.
The company employs around 2000 people in its five offices and manages around £50bn in assets for over 30 UK and Irish financial service lenders.<< Archive
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