Direct Line poised to cut 2,000 jobs despite surpassing cost-saving target

exit99

The insurer today confirmed that the net reduction in annual costs made of some £130m, compared to its 2011 base of £1.13bn, represented gross annual savings of "more than twice the original £100m target". 

However, Direct Line confirmed that as part of "further initiatives" another tranche of roles may become redundant.

It stated that the majority affected will be in roles across head office and support functions and consultation with staff has already begun.

A spokesperson insisted that the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: