UK insurer Direct Line plans to cut 550 jobs to save £50 million amid declining policyholders.

Direct Line Group, a major UK insurer, plans to cut 550 jobs, representing over 5% of its workforce, to save £50 million by 2025. The company, facing a 11% decline in motor insurance policyholders, aims to streamline operations for enhanced profitability. CEO Adam Winslow believes these steps will improve the company's financial health.

November 11, 2024
76 Articles

Further Reading