Lloyd’s invites staff redundancies amid challenging market

The interior of the Lloyd's building in London

A Lloyd’s of London spokesman told Post that the notice to staff did not give a target number of voluntary redundancies and that the decision reflects the corporations commitment to cut costs and priority to not be a "burden on the market.” “Staff are free to make an expression of interest. We don’t have a fixed number to reach and we do not have a specific number of roles in mind,” the spokesman said. “Staff have known that the review is happening and we have been open about the review."