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Direct Line to cut hundreds of jobs to help profitability
The Guardian
|November 12, 2024
Direct Line is to axe about 550 jobs as part of a cost-cutting drive.
The Kent-based insurance company said it was consulting on the jobs, which would represent about 6% of its total 9,000-person workforce, as part of an attempt to save £50m next year.
It would not give details on the roles that would go but said the number would include vacancies not being filled.
The plans were revealed in a trading update yesterday in which the company said the job losses would be part of its plan to create a "leaner and more efficient operating model".
Direct Line had 3.05 million policyholders with its own-brand car insurance at the end of September, down by nearly 400,000, or 11%, at the same point last year.
Cette histoire est tirée de l'édition November 12, 2024 de The Guardian.
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