Sesame completed its acquisition of Bankhall and PMS in October and conducted the first round of consultation meetings with staff representatives yesterday.
Martin says the three objectives of the business change programme are to remaining customer-focused and competitive and to operate efficiently and profitably.
He says the proposals include plans to combine central services that will be shared across the group, and to incorporate the Sesame mortgage helpdesk into the PMS operation and the Sesame Direct function into Bankhall.
He says: “As well as areas of duplication, our proposals also address the need to put the Bankhall operation on a firmer financial footing. Bankhall has been trading at a loss for some time and we hope people understand that this cannot continue, particularly in today’s tough economic climate.
“Our proposals regrettably mean that there could potentially be up to 100 job losses as a result of bringing the two businesses together and creating a new organisational structure. However, we expect the final number to be lower as a result of people transferring to new roles elsewhere within the business.”