Financial services firm FinTrU to cut 114 jobs in Northern Ireland

Summarised from 2 outlets · 3 reports · Updated 21 Oct, 19:14 · Archive

FinTrU is cutting 114 jobs across Belfast and Londonderry as part of a proposed restructuring.

FinTrU, which provides support services including compliance and risk management to major banks, is cutting 114 jobs in Northern Ireland. The Financial Services Union understands 95 employees in Belfast are at risk and a further 19 are at risk in Londonderry.

The union has raised concerns about the fairness of the consultation process and called for it to be restarted, arguing that with 114 employees affected, the consultation should last for a minimum of 90 days. The union has also called for enhanced redundancy payments.

FinTrU said the restructuring 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'. The company said it is committed to supporting employees affected by the proposals throughout the consultation process. FinTrU employs 1,360 people across offices in Belfast, Londonderry, Letterkenny in the Republic of Ireland and Porto in Portugal, down from 1,419 in 2024.

How it is being reported

• FinTrU 'proposed restructuring': Union raises concerns over 114 redundanciesThe Financial Services Union has called for fresh consultation and enhanced redundancy payments, raising concerns over proposals affecting 95 jobs in Belfast and 19 in LondonderryNews Letter · 21 Oct, 17:38
• FinTrU 'proposed restructuring': Union raises concerns over 114 proposed redundanciesThe Financial Services Union has called for fresh consultation and enhanced redundancy payments, raising concerns over proposals affecting 95 jobs in Belfast and 19 in LondonderryNews Letter · 21 Oct, 17:09
• Financial services firm to cut 114 jobs as part of 'proposed restructuring'The Financial Services Union understands 95 employees in Belfast are at risk and a further 19 employees are at risk in Londonderry.BBC Northern Ireland · 21 Oct, 12:34

In this story: FinTrU · Financial Services Union · Belfast · Londonderry

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