South Eastern Regional College (SERC) has proposed a redundancy scheme for its staff due to budgetary pressures.
In a document seen by BBC News NI, the college has suggested redundancy for 32 full-time and 27 part-time workers.
"In terms of SERC, our estimated budget pressure into 24/25 is £7.086m," the document said.
"At this stage it appears the budget pressures... can only be addressed by reducing the number of staff employed."
SERC employs 833 permanent staff and 156 part-time lecturers across college sites in Bangor, Newtownards, Downpatrick, Lisburn, Newcastle, Holywood and Ballynahinch.
The redundancy process is expected to be completed between March and June 2024.
In a letter to SERC staff, principal and chief executive Ken Webb outlined that full-time staff could be offered a redundancy package of one month's gross basic salary for every full year of continuous service up to a maximum of 21 months, subject to approval.
