Redundancies are expected to come from the firm’s management and back office roles, as the company looks to streamline its activities.
“Since October this year, we have been reviewing our business strategy and performance to create a stronger platform for Interserve’s future profitable growth,” a spokesperson said.
“In the short term, we are reducing the overall costs within the business, and this will unfortunately have a direct impact on some of our people with possible job losses.”
While there are rumours that up to 200 jobs could go, the spokesperson refused to speculate on the number of jobs that would be lost.
In October, Interserve warned that it could breach its banking covenants as it suffered a slowdown in the third quarter, and continues to struggle with the fallout from its problem energy from waste contracts.