Direct Line plans to cut a further 236 jobs
3 December 2012
The insurance firm will be cutting another 236 jobs, bringing the number of redundancies to 1,200.
The latest round of job cuts will affect commercial underwriting, risk and compliance and back office operations in London, Birmingham, Leeds and Maidstone.
Earlier this year, Direct Line announced 900 redundancies, as it aims to reach £100 million of gross annual cost savings by the end of 2014. At the end of October, the company announced a further 70 job losses.
Paul Geddes, Chief Executive of Direct Line, says: "These proposals are another important step on our journey to deliver on our cost saving target.
"They are essential to ensure we are as efficient and competitive as possible. As always, I have not made these proposed changes lightly and understand the impact they will have on our people, and we will do all we can to support those affected."
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