HML

Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
64 - Financial service activities, except insurance and pension funding
100 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2010
Employment effect (start)
30 March 2010
Foreseen end date

Description

Financial services company HML has announced it is cutting about 100 jobs at 5 UK locations. It currently employs 2000 people, almost a quarter of whom are based in Derry, Northern Ireland. A spokesperson said the decision had not been taken lightly, but was best for the long term interests of both the company and the majority of it's employees. No timeline was given for when the losses will be completed by.

Sources

  • 30 March 2010: BBC Website

Citation

Eurofound (2010), HML, Internal restructuring in United Kingdom, factsheet number 70392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70392.