Direct Line to cut 2,000 jobs

Direct Line Insurance has said that it is planning to cut 2,000 UK jobs as it steps up plans to reduce costs.

The firm announced in August 2012 plans to reduce gross annual costs by £100m a year, but now plans to save more than double this target.

The latest cuts affect about 14% of its 14,400 staff. Direct Line has already cut 1,200 jobs since August.

Direct Line said that it had begun consultations with staff and employee representatives over the job losses.

It said the cuts would affect staff across head office and support functions, but it would try to redeploy those affected where possible.

Chosen excerpts by Job Market Monitor

via BBC News – Direct Line set to cut 2,000 UK jobs.