Following September and October’s announcement of 900 job losses, Direct Line Group, Britain’s biggest motor insurer, have proclaimed 236 jobs could be at risk following steps to achieve its £100 million gross annual cost savings target by the end of 2014.
The latest cuts have been said to affect its commercial, risk, and customer divisions through a reduction in marketing spend, resulting in the achievement of a further 20pc of the cost reduction target. Plans are currently being finalised for the remaining 30pc.
Commenting on the announcement, Paul Geddes, chief executive officer of Direct Line Group said “They are essential to ensure we are as efficient and competitive as possible. As always, I have not made these proposed changes lightly and understand the impact they will have on our people, and we will do all we can to support those affected.”
Whilst 236 roles are at risk, Direct Line declared it is “reconfiguring” the organisation which should lead to the creation of new roles.