Up to 900 jobs at risk as Direct Line announces cost-cutting bid
Direct Line Group has announced the proposed redundancy of almost 900 staff as part of the ‘first phase' to try to slash administration costs and boost efficiency.
The group confirmed the potential loss of 891 jobs in a bid to make £100m of gross annual cost savings by 2014.
The reductions require ‘significantly fewer' consultants needed to handle calls in sales, service and partnerships and the proposed closure of the group's site in Teeside.
In commercial, proposals are largely focused on cutting costs in head office while in its chief operating office there will be a reorganisation of IT application development and business testing functions.
Direct
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