View more on these topics

HML to close Scarborough site with over 160 jobs at risk

HML has decided to close its Prospect House site in Scarborough following a review of the business, putting 164 jobs on the line.

The third party servicing firm announced that jobs would be at risk last March when staff were informed of the decision to review HML’s organisational structure.

As a result of that review some 164 roles at all levels have been put at risk of redundancy out of a 2000-strong workforce.

This breaks down to 136 potential job losses in Scarborough, 17 in Skipton, seven in Derry, and four in Padham and Glasgow.

The Scarborough site will close during June and September with client work continuing to be transferred to HML’s other sites.

Brian Brodie, chief executive at HML, says: “This announcement is part of our strategy to ensure the business is the right shape and size to grasp future market opportunities.

“It has resulted in our decision to concentrate on enhancing the quality of service we provide our clients and their customers in four core locations.

“Regrettably, this has resulted in the decision to close the Scarborough operation.

“We understand the personal impact on staff and have not taken the decision lightly, however, we hope our clients and employees will recognise that as a responsible business we must make tough decisions that are in the long-term best interest of the majority of our employees.”

HML says it is offering support to affected employees including outplacement help and on-site job search facilities.

The company says it has been in close contact with HML’s union SURGE throughout the review process.

Employees were told of the business restructure and potential redundancies yesterday.

Recommended

Brokers face delays in AR application process

The Financial Services Authority is taking a tough line on brokers applying to become appointed representatives, resulting in delays to the application process. It is thought that the regulator is gathering more information on prospective ARs ahead of extending its approved persons regime to mortgage advisers. This proposal formed part of the Mortgage Market Review […]

Drawbridge seeks approval to offer mortgage range

Drawbridge Finance is applying to the Financial Services Authority for permission to offer regulated mortgages. The short-term lender had a soft launch into the market last year but increased its distribution to 35 partners in March. Mark Posniak, head of business development at Drawbridge, says: “Our focus remains our residential investment business and attracting good […]

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • PAUL 23rd April 2010 at 2:19 pm

    WHO ????????????

  • Bill Dooley 23rd April 2010 at 11:06 am

    I was recruited as the first full time employee of HML back in 1988 and obviously I am very saddened to hear the news.From humble beginnings it has grown to be THE heavywieght third party processor in the industry. My best wishes to all affected staff but remember the saying “as one door closes, another one opens”

  • DM 23rd April 2010 at 8:39 am

    Always a shame to hear. Best of luck to all affected, the grass can indeed be greener elsewhere.