Direct Line to cut 900 jobs to save costs
Insurance company Direct Line Group, which is being demerged by parent company RBS, has said it will shed 900 jobs in a bid to save costs.
Direct Line has launched a series of initiatives to target £100m of gross annual cost savings by the end of 2014.
That includes the closure of a site in Stockton-on-Tees, which will affect about 500 jobs.
Direct Line managing director Darrell Evans said that staff would be consulted about the proposal and supported to find redeployment or new employment.
05 Sep 2012