Financial services firm FinTrU has announced proposed job cuts affecting staff at its offices in Belfast and Londonderry. The company has confirmed it is undertaking a consultation process with employees who may be affected. If your role is at risk, understanding the consultation rules, statutory redundancy pay entitlements, and the settlement process can help you plan your next steps.
What has been announced
- On 21 October 2026, FinTrU announced it is set to cut jobs across its offices in Belfast and Londonderry.
- The total number of roles affected was reported as unstated at the time of the announcement.
- FinTrU confirmed it has launched a consultation process with colleagues who may be impacted by the proposals.
- The company stated it is committed to conducting a fair, transparent, and meaningful consultation process.
About the company
FinTrU is a financial services firm operating in Northern Ireland, with offices in Belfast and Londonderry.
What happens next
FinTrU will carry out a consultation process with staff who are at risk of redundancy.
Under collective consultation rules in the UK, if an employer proposes 20 to 99 redundancies within 90 days, the consultation must last at least 30 days. For 100 or more redundancies, the minimum consultation period is 45 days.
Consultation should explore ways to avoid redundancies, reduce the number of dismissals, and mitigate their impact.
If your role cannot be saved and you are dismissed due to redundancy, you may be entitled to statutory redundancy pay if you have at least two years of continuous service.
Your employer must apply clear, objective, and fair selection criteria if selecting individuals from a pool of affected roles.
Voluntary or compulsory redundancy
Employers sometimes invite applications for voluntary redundancy to reduce or avoid compulsory job cuts.
Voluntary redundancy is optional for both sides. You can choose whether to apply, and FinTrU is not required to accept every application.
If insufficient numbers leave through voluntary schemes or redeployment, the employer will proceed with compulsory redundancies following the consultation process.
Your settlement agreement
FinTrU may offer settlement agreements to exiting employees, particularly as part of voluntary arrangements or enhanced redundancy packages.
A settlement agreement is a legally binding contract where an employee agrees not to bring employment tribunal claims in exchange for agreed terms, usually including a financial payment.
For a settlement agreement to be legally valid, you must obtain independent legal advice from a qualified adviser, such as a solicitor.
Employers typically pay a standard financial contribution towards your legal fees for obtaining this independent advice.
Common questions
How many jobs are being cut at FinTrU?
The exact number of redundancies was reported as unstated when the company announced the proposals on 21 October 2026.
Which FinTrU locations are affected?
The job cuts have been announced for FinTrU offices in Belfast and Londonderry.
Am I entitled to statutory redundancy pay?
To qualify for statutory redundancy pay, you must have at least two full years of continuous service with your employer. The amount depends on your age, weekly pay capped at the statutory limit, and length of service.
Do I have to accept a settlement agreement?
No. A settlement agreement is voluntary. If you are not satisfied with the terms offered, you can seek to negotiate them or decline the agreement and rely on standard redundancy procedures.
How Deen & Co helps
Deen & Co Solicitors provides clear, independent legal advice to employees facing redundancy. Our employment solicitors can review settlement agreements, explain your redundancy rights, and advise you on negotiations to ensure your interests are fully protected.
Read more about settlement agreement advice or work out your statutory redundancy pay.
If your role is in London, our settlement agreement solicitors London can review the package before you sign.
Sources
- 'FinTrU is committed to conducting a fair, transparent and meaningful consultation process with colleagues who may be impacted by the current proposals' - Belfast News Letter — Belfast News Letter (21 October 2026)
- FinTrU: Company set to cut jobs in Belfast and Londonderry - BBC — BBC (21 October 2026)
Last updated 21 October 2026. This page summarises publicly reported information and is general guidance, not legal advice on your own situation.
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