February 24, 2009

Vodafone will cut 500 jobs in Britain

According to AFP: “British mobile phone giant Vodafone said Tuesday the group would axe 500 jobs in its home market as part of a cost-cutting programme that was unveiled last year.”

Vodafone to cut 500 jobs in the U.K.

Vodafone Group, the world’s largest mobile operator by revenue, on Tuesday unveiled plans to cut 500 jobs in the U.K. as it reduces costs to better cope with the worsening economic climate.

The company is the latest of a string of U.K. companies to announce job cuts since the start of the year. The layoffs, which represents about 5% of its U.K. work force, didn’t come as a surprise as they are part of the operator’s previously announced plan to reduce costs by 1 billion pounds by March 2011.

Source: MarketWatch

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