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.
Related
Full tags
Phones, Mobile phone industry, Vodafone, Biz

share print story pdf email story

Recommended articles

Search

Loading

Follow

Best iPad 2 apps

We detail the best iPad 2 and iPad apps in the app store Which iPad app should you download?

Windows 8

All the features and details of the new Microsoft operating system explained What's new in Windows 8?

iPad 3 rumours

What comes next? We look at the possible features, leaks, images, specs and more

Pocket-lint poll

Q. Will you be buying a PS Vita?

Vote YES Vote NO

» LAST TIME
When asked Will Samsung be making a mistake if the Galaxy S III isn't shown at Mobile World Congress in February? 51% said yes and 49% said no