38 redundacies announced at Derry call centre

16 compulsory  22  voluntary redundancy have been announced at a call centre in Derry.

Home Loan Management is Located in the centre of the city, in The Ulster Science & Technology Business Park and was established in 2004 and employs 371 workers.

The company says its clients are some of the biggest mortgage lenders in the industry.

Local MLA Martina Anderson has been in contacted with the company about today's redundancies - Ms Anderson says she has been assured there is no long term threat to the company's Derry operation: