Workers at the Buncrana-based Assetco Manage Services ROI were told the bad news this afternoon.
The company, is part of a larger company, Assetco London Ltd, which works with London Fire Brigade.
London Fire Brigade failed to renew a major contract for Assetco London Ltd leaving workers out in the cold.
Shell-shocked workers at the company, based at the IDA Business Park in Lisfannon since 2006, were told the news today.
Even worse is the fact that none of the workers will be paid redundancies.
Ironically most of the London-based employees will be taken on by the company who won the new contract, Babcock.
However, the Irish company have not been given part of that new contract and will lose their jobs.
Members of KPMG, who are acting on behalf on London banks, turned up at the Buncrana company’s headquarters today to break the news.
Angry workers say they are outraged at how they have been treated.
A spokesman told Donegal Daily that they are considering their positions and are even thinking of staging sit-in at the plant.
“We have been very loyal to Assetco London and this is how we have been rewarded.
“We would like London Fire Brigade to know this and to know how we are being treated.
“There are 30 families being thrown on the scrapheap just before Christmas it’s just not on,” said a spokesman.