Direct Line – 900 jobs cut

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…

via BBC News – Direct Line to cut 900 jobs to save costs.