Movim • Direct Line to axe about 550 jobs as part of £50m cost-cutting drive

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Direct Line to axe about 550 jobs as part of £50m cost-cutting drive

news.movim.eu / TheGuardian • 11 November, 2024

Company to shed about 6% of its workforce of 9,000 as it loses car insurance customers

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Direct Line is to axe about 550 jobs as part of a cost-cutting drive at the insurance company.

The Kent-based company said that it was consulting on the jobs, which would represent about 6% of its total 9,000-person workforce, as part of drive to save £50m next year.