Direct Line Group plans to cut 550 jobs to save £50 million, aiming to create a more efficient operating model. This includes unfilled vacancies.
Chief executive Adam Winslow stated that they are in the early stages of a significant turnaround and the third quarter results aren't fully reflective of their actions.
Winslow expressed confidence that the steps taken by Direct Line Group will lead to improved profitability and growth for the company.
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