Swift could cut over a third of its staff as it consults with up to 60 over possible redundancies.
The firm, which provides non-conforming secured loans, employs almost 140 people but says it hopes keep redundancies down to just 25 staff.
Chief executive John Webster is reported as saying its level of business is not sustainable in the current economic climate and staff numbers in the sales, marketing and new business processing departments will need to be cut.
He says the firm will offer 20 alternative positions in other parts of the business to try and keep job losses down.
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