More to face the axe at Direct Line
Simon Read is Personal Finance Editor at The Independent. He edits the Saturday Your Money section and writes the Daily Money column and Wednesday’s Midweek Money section in i newspaper. He also writes for the news and business pages of the Independent and i newspaper and is a regular money commentator on TV station London Live. He has won numerous awards including Consumer Finance Journalist of the Year.
Thursday 29 November 2012
Direct Line may shed a further 236 staff as it chases cost savings of £100m by the end of 2014.
The news came after the insurer said last month it planned to cut 70 senior posts, including chief operating officer Jonathan Davidson, having previously slashed 900 roles.
Meanwhile, fellow insurer Aviva announced 120 jobs are at risk at its repair service Asprea's office in Sheffield.
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