A Liverpool debt collection agency has announced plans to cut jobs. Intrum Justicia, announced it would see the workforce reduced “substantially” after the company made an announcement that it was scaling back its UK business.

It is thought that upto 247 jobs could be at risk and the majority of them will be from the Head Office in Liverpool, although the company has not confirmed the exact number.

It was only in April that that Intrum Justicia was forced to make an embarrassing U-turn on an announcement about new positions.

The announcement said that the debt collection agency would look to take on at least 100 more staff to aid with debt recovery as part of expansion, and then days later the Swedish owned group was forced to deny this, with managing director Chris Savage resigning from his post.