Northern Ireland

45 jobs set to go at Derry HML office

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

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 to those workers and their families who are affected".

"This regrettable news reinforces the urgency of a robust response from government to the recession here in the north west," he added.