More job losses have hit the Isle of Man as a Douglas-based company has announced it is to make 20 redundancies.
Six Kingdoms, based in Clarendon House in Victoria Street, launched in June 2011.
The company offers various services, including call centre and administration facilities, to a number of clients.
The news comes days after airline Flybe announced that 49 jobs would be lost when it pulls out of its Isle of Man base next March and 30 were laid off at theMount Murray Hotel after fire destroyed 90 bedrooms on the site.
A spokesman for Six Kingdoms said in a statement to the Manx Independent: ‘We can confirm that the company has recently made a number of redundancies due to operational issues caused by an immediate contraction of US banking services in the market place in which the company’s customers operate.
‘It is still hoped that operations will recommence and the number of staff involved is 20.
‘No further comment will be made.’
However, the company website is still advertising vacancies for a contact centre manager, team coach, team leader and associates, although it does mention that they are interested in part-time applicants especially.
In November 2011 the company moved to its new Clarendon House offices and said that it was currently employing about 30 people with hopes to employ 100 as part of a recruitment drive.