45 jobs to go at HML in Derry

Forty-five jobs are set to go at a financial services company in Derry.

HML has said it is to reduce its workforce by 80 across the UK, with 45 redundancies earmarked for Derry.

The company said it had started a 30-day consultation period with its employees and no redundancies would come before 15 August.

HML, a mortgage outsourcing company, opened its Derry office in 2004 and employs about 470 people there.

It has blamed changed market conditions for the redundancies.

Foyle MP Mark Durkan said the news would come as a huge blow.

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