2/24/2009 10:15:00 AM
Vodafone announces 500 UK job cuts - February 2009
Vodafone is to make 500 job cuts in the UK, as part of plans to save £1bn across the business. The losses were announced today (24 February 2009).
The cuts will be made across all levels at Vodafone headquarters and at its call centres across the country, but no stores will be affected and the store roll-out will continue.
In a statement, Vodafone 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. The majority of savings will be achieved by taking operating costs out of the business; however, there will also be a reduction of approximately 500 jobs across the business.'
Vodafone said new roles were also being created and that ‘the retail estate and online services will be the focus for ongoing investment.’
The redundancies come as part of the £1 billion cutbacks announced by the group’s head, Vittorio Colao, last November, to be achieved by 2011.