Lloyd's embarks on redundancy drive

The Corporation of Lloyd's wrote to all of its 1,100 staff
yesterday to invite them to register their interest in voluntary
redundancy, The Insurance Insider can
reveal.
Sources said that the communique did not give a target number of
voluntary redundancies and it has been suggested that at present
the Corporation does not have a specific number of roles it is
looking to eliminate.
However, it is understood that the Corporation's management
team has accepted that given the savage soft...