One of Britain’s biggest insurers Direct Line has announced some 2,000 job cuts as it seeks to double its cost - saving plans in the near future.
Direct Line said it will find the cuts from head office and support functions with three sites in Liverpool, Croydon and central London facing closure. The leading motor insurer sacked 1,200 workers in the first phase of its savings plans in 2012 and is now looking to savings worth £200 million annually by 2014. The group has 14,400 staff currently and the new cuts represent 14 percent of the workforce. Out of the 2,000 positions, earmarked to be axed, some 1,140 come from the three sites that will be shut down.