Direct Line plans to cut 70 senior jobs
30 October 2012
Direct Line are planning to cut around 70 senior roles in an effort to reduce costs by £100million.
Employees to be cut include Chief Operating Officer Jonathan Davidson and Executive Sheree Howard. The latest decision to axe senior roles follows last month’s announcement of 900 job losses across the company.
More than half of the 900 cuts will be at a call centre in Teesside, which the company plans to close.
Direct Line’s Chief Executive, Paul Geddes, says: "We are creating a simpler more efficient business which costs less to run. I don’t make these changes lightly and we will do all we can to support those affected.
"Following the successful completion of our separation from RBS Group and our recent IPO, the timing is now right for us to make these changes. As market leader, these changes are essential for us to succeed in a competitive marketplace."
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