Vodafone to cut 500 jobs at HQ, say sources

Vodafone to cut 500 jobs at HQ, say sources

Vodafone is expected to announce 500 UK job cuts tomorrow, as part of its ongoing cost-cutting drive to save £1bn, according to sources.

Mobile understands the cuts are expected to take place predominantly at the network's headquarters in Newbury.

However a Vodafone spokeswoman dismissed the claims as 'highly speculative.' She added: 'I am happy to deny the story.' She said claims that the job cut announcement would be made tomorrow were 'absolutely wrong.'

When asked if redundancies were planned within the next few weeks she declined to comment.

The operator announced in November last year that it had doubled its cost-cutting target to £2bn. The company also said it would deliver its £1bn cost-cutting drive, announced late 2008, one year earlier than planned in March 2010. It will aim to save the further £1bn by 2012.

In 2009, the operator announced 1,800 job cuts, which included 500 in the UK.

Recently, there have been a raft of changes in Vodafone's consumer team, including consumer director Ian Shepherd leaving the company last month. Meanwhile, consumer sales director Tom Devine and retail director Terry O'Brien have been made redundant.

One source said: 'The problem Vodafone have got is that it is so bloated, it has tons of people and they have to cut - it is absolutely essential.'


Written by Mobile Today
Mobile Today


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