FinTrU to cut 114 jobs in Northern Ireland as part of restructuring

Financial Services Union raises concerns over consultation process

By LineZotpaper

Published21 October 2026

Updated21 October 2026

Read Time2 min

Sources2 outlets

Financial services firm FinTrU is proposing to cut 114 jobs across its offices in Belfast and Londonderry, with the Financial Services Union (FSU) questioning the fairness of the consultation process. The company said the move follows a wider strategic review and is part of an organisational realignment to support long-term growth.

FinTrU, a company providing compliance, risk management and other support services to major banks, has confirmed it has initiated a "proposed restructuring affecting a number of roles" in Northern Ireland. The firm has offices in Belfast, Londonderry, Letterkenny in the Republic of Ireland and Porto in Portugal.

According to the Financial Services Union, 95 employees in Belfast are at risk and a further 19 are at risk in Londonderry, making a total of 114 positions affected. The FSU has written to the company raising concerns about the consultation process and has called for a minimum 90-day consultation period, arguing that the process should be restarted.

Craig Arden, industrial relations organiser with the FSU, said the "proposed redundancies will have a significant impact on workers and their families."

"Our members are deeply concerned not only about the prospect of losing their jobs, but also about the fairness of the process being followed," he said. "FinTrU has been widely recognised as one of Northern Ireland's economic success stories. We believe workers who have contributed to that success deserve to be treated fairly, consulted meaningfully and provided with appropriate support if redundancies cannot be avoided."

FinTrU said it is committed to supporting employees affected by the proposals throughout the consultation process. The company stated that 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 most recent accounts for 2025 show the FinTrU Group had 1,360 employees, down from 1,419 in 2024.

Analysis

Why This Matters

The job cuts represent a significant reduction in a company that has been held up as a Northern Irish economic success story.
The 114 proposed redundancies come at a time when the company's workforce has already been declining.
The dispute over the consultation process could set a precedent for how large-scale redundancies are handled in the region.

Background

FinTrU is a financial services firm that provides compliance and risk management support to major banks. It has grown substantially over the past decade, with previous expansions including the creation of hundreds of jobs in Londonderry and elsewhere. The company's latest available accounts show its workforce fell from 1,419 in 2024 to 1,360 in 2025 before the current proposed cuts.

Key Perspectives

FinTrU: The company says the restructuring follows a wider strategic review and is necessary to support long-term growth and align with evolving operational needs. It has committed to supporting affected employees through the consultation process. Financial Services Union: The FSU argues the consultation process is unfair and should be restarted, with a minimum 90-day period. It says workers who contributed to the company's success deserve meaningful consultation and support. Employees at risk: Workers face uncertainty over their jobs, with the union expressing deep concern about both the potential loss of employment and the fairness of the process.

What to Watch

Whether the consultation period is extended to 90 days in response to union demands.
The final number of compulsory redundancies after the consultation process concludes.
Any further job cuts at FinTrU's other offices in the Republic of Ireland and Portugal.

Sources

Financial services firm to cut 114 jobs as part of 'proposed restructuring' · BBC Northern Ireland
Financial services firm to cut 114 jobs as part of 'proposed restructuring' · BBC Northern Ireland

Checked

9 claims in this story checked against 1 source: 7 supported.

Show each claim

Partly supportedFinTrU is to cut 114 jobs in Northern Ireland as part of a restructuring.BBC Northern Ireland: “The FSU understands 95 employees in Belfast are at risk and a further 19 are at risk in Londonderry.”
SupportedThe FSU raised concerns about the fairness of the consultation process.BBC Northern Ireland: “In a letter seen by BBC News NI, the Financial Services Union (FSU) raised concerns around the fairness of the consultation process.”
Not in the sourcesThe FSU wrote to FinTrU about the consultation process.
SupportedThe FSU called for at least 90 days of consultation and for the process to be restarted.BBC Northern Ireland: “It said that with a total of 114 employees at risk, the consultation process should last for a minimum of 90 days and should be restarted.”
SupportedThe FSU says 95 employees in Belfast and 19 in Londonderry are at risk, a total of 114.BBC Northern Ireland: “The FSU understands 95 employees in Belfast are at risk and a further 19 are at risk in Londonderry.”
SupportedCraig Arden said the proposed redundancies will significantly affect workers and their families.BBC Northern Ireland: “Craig Arden, industrial relations organiser with the Financial Services Union, said the “proposed redundancies will have a significant impact on workers and their families”.”
SupportedArden said members were deeply concerned about losing their jobs and the fairness of the process.BBC Northern Ireland: ““Our members are deeply concerned not only about the prospect of losing their jobs, but also about the fairness of the process being followed,” he said.”
SupportedFinTrU said the restructuring follows a wider strategic review and is an organisational realignment intended to support long-term growth and address evolving operational needs.BBC Northern Ireland: “It said it 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”.”
SupportedFinTrU Group had 1,360 employees in 2025, down from 1,419 in 2024.BBC Northern Ireland: “The most recent accounts for 2025 show the FinTrU Group had 1,360 employees, down from 1,419 in 2024.”