Direct Line Group has revealed plans to axe around 550 jobs as it looks to cut costs amid a turnaround at the insurer. The group said it is consulting on the cuts as it seeks to save £50 million in 2025, although it stressed some of the role reductions will include vacancies no longer being filled. Direct Line said it comes as its “drive to create a leaner and more efficient operating model is advancing”.
Category
🗞
NewsTranscript
00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and here
00:06are your headlines for this morning. Direct Line Group has unveiled plans to cut around 550 jobs
00:14as it looks to cut costs amid a turnaround at the insurer. The group says it's consulting
00:20on the cuts as it seeks to save £50 million in 2025, although it said some of the roll cuts
00:27will include vacancies no longer being filled. Direct Line said it comes as its drive to create
00:33a leaner and more efficient operating model is advancing. The cuts were announced in a trading
00:39update which showed the group lost yet more motor insurance customers over the third quarter.
00:45So update this morning from Direct Line which plans to cut around 550 jobs as part of its
00:50turnaround plan. My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
00:57you