LEEDS-BASED Help-Link has shed 13 per cent of its workforce less than two years after it received £11m from NorthEdge Capital
The business, which had turnover of £73.5m in the year to March 2014, confirmed 60 of its 459-strong national workforce lost their jobs in December 2014.
The Yorkshire Evening Post believes that a further 50 positions are set to be cut in the coming weeks.
Help-Link confirmed further redundancies could be made but said it was unable comment on the number of jobs now at risk.
A spokeswoman for Help-Link and NorthEdge Capital said: “The management team at Help-Link is in currently in consultation with employees and therefore cannot pre-determine the outcome of the consultation.”
Help-Link “continues to respect employees” and all actions have been taken in line with proper HR practice, she added.
Help-Link was founded in 1998, offering boiler installation and maintenance services. It received an £11m investment from NorthEdge Capital in 2013. Last April, Help-Link acquired Miller Pattison.