People Before Profit Cllr Shaun Harkin said,
"Proposed redundancies at FinTrU are devastating for the workers and households that will be impacted. I have been contacted by Derry FinTrU staff members who are concerned about the fairness of the redundancy process.
Following from these concerns, I fully support the demand from the Financial Services Union for the redundancy process to be restarted.
I have requested a meeting with FinTrU management to raise these concerns and to support trade union demands for fairness.
At this week's full meeting of Derry City and Strabane Council I will be proposing that we do whatever possible to support workers and ensure their rights are fully respected. There are a number of very serious concerns regarding the way the redundancy process is being conducted.
Workers in Derry are being treated differently from workers in Belfast, leading to a situation where they have less support and representation. Those in line for redundancy are disproportionately women and with caring responsibilities. There are concerns public money is being used to recruit student interns to replace the workers who will be made redundant. It's also the case that workers previously made redundant by the company received enhanced redundancy pay, not just bare minimum statutory pay.
Working-class households are facing huge cost-of-living of living pressures. We need to do all we can to protect jobs and ensure workers who will lose their job through no fault of their own are fully supported. Given the commitments made by Stormont and the Department for Economy to prioritise good jobs in Derry and the North West, this is also a matter for them."