UK National Gallery to recoup £2m a year after completing voluntary redundancy process

The National Gallery in London has successfully reached a target of £2 million in annual savings following a voluntary redundancy program and a recruitment freeze. Initiated in February to address a projected £8.2 million deficit, the voluntary exit scheme allowed the institution to avoid compulsory redundancies among its nearly 500 employees. While the gallery has met its initial savings goal, it must still find ways to bridge a remaining multi-million pound shortfall through non-staff cost reductions.