Direct Line to cut 2,000 jobs

 
Suzie Neuwirth

DIRECT Line today announced that it will be slashing 2,000 jobs as part of its plan to target £130m of annual savings.

The motor insurer said it had begun talks with staff and unions and that those impacted will be largely in head office and support function roles.

“This is another step in the ongoing transformation of Direct Line Group and an important part of our aim to regain competitive edge,” said chief executive Paul Geddes.

“While we continue to invest in the business with the aim of winning in a market which is changing fast, it's clear that we need to become more efficient to deliver the good service and value our customers expect.

“We have not made these proposed changes lightly and understand the impact they will have on our people. As we have done in the past, we will deal fairly and carefully with those impacted, and do all we can to support them through these changes."