Willis Re puts London staff on redundancy alert

Broker Willis Re has confirmed that its London-based staff have been notified of potential redundancies as it looks to make cost-cutting changes as part of a programme aimed at improving operational efficiency.

Sources said that the broker has notified around 150 of its staff as being ‘in scope’, which means they are potentially at risk of redundancy. It is understood that out of those 150, in total up to 50 role reductions have been proposed, although the business is seeking to relocate up to 30 of those positions to Willis’ Ipswich office.

In line with a UK consultation process, nothing is set in stone and the collective consultation could result in different outcomes.

“Willis Re has proposed certain changes within our UK operations in line with the Willis Group global programme to improve operational efficiency and our client service. Regrettably this may affect certain London-based roles and we are working through this process with associates,” said a spokesperson for the company.