55 jobs set to go as Brinks shuts its base in Belfast
Security cash-in-transit firm Brinks has closed its Belfast base at Duncrue Road with the loss of 55 jobs.
Brinks confirmed in February that it was to cease operations in the Republic with the loss of 200 jobs.
The security firm restocks cash points across a range of businesses in Northern Ireland, including Ulster Bank.
The firm's base is at Duncrue Road in the city.
One source told the Belfast Telegraph last week that while there had been talk of finding a new buyer for its Northern Ireland business, workers would get an update this week on the future of the firm.
He said he expected staff would be told that jobs will be lost and the site could close.
Brinks employs a range of workers here including drivers, administration staff, cash-processors and control staff.
Following the 200 jobs losses in Dublin, Cork and Galway, it was reported the company was negotiating the sale of its operation north of the border.
A statement from the firm said: "Despite the sustained hard work of Brinks staff and management, Brinks has been unable to find a suitable buyer for its business in Northern Ireland.
"In the absence of an alternative solution Brinks has therefore taken the decision to exit the cash-in-transit market in the region.
"Brinks would like to extend thanks to all their staff, customers and suppliers for their support for the company since it began services in Northern Ireland.
"The decision to exit the market was not taken lightly and follows a sustained, but unsuccessful effort over the past number of months to achieve a positive outcome for the operation."
The firm said it would wind down operations in the coming months allowing customers a window in which to source alternative service providers.
"Brink's employs 55 people and has been engaged in discussions with employees and their representatives with regard to a redundancy programme as well as offering support in finding alternative employment," it added.