Vodafone to cut 500 jobs
Cost-cutting measures implemented
24 February 2009 11:56 GMT / By Amy-Mae Elliott
Vodafone has announced that 500 jobs are to go in cost-cutting measures.
Despite reporting positive financial results in its last earnings report, the company will let staff go as part of previously-announced plans for £1 billion's worth of cost cuts.
"Vodafone UK has today announced reductions to its operating costs in order for it to compete more effectively in the UK market", the company said.
"As customers look for best value in their mobile services, Vodafone intends to reduce its cost base whilst continuing to invest in new products and services to meet changing customer needs".
All the group's operations will be affected, with 170 people at Vodafone's head office in Newbury, Berkshire to be made redundant.
PHONES
HTC HD3: HTC's Windows Phone 7 Series offering? Could this be the follow on to the HD2?
CAMERAS
Canon PowerShot SX210 IS camera An ideal travel camera?
PHONES
Microsoft Windows Phone 7 Series - All you need to know No really - all you need to know about Microsoft's new mobile OS
Comments