US EditionVodafone plans to cut 11,000 jobs over the next 3 years and simplify the structure
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
Around 250 million euros in cost savings from the cuts will be reinvested in the improvement of services, brand and customer experience, according to the company
[Epoch Times 2023/5/16 News] (Epoch Times Reporter Chen Ting's comprehensive report) British Telecom giant Vodafone (Vodafone) said on Tuesday (5/16) that as part of the new executive director's reform plan, the company plans to lay off 11,000 employees within 3 years. This will be the largest layoff in the group's history. With around 100,000 employees in Europe and Africa, Vodafone is one of the most well-known corporate brands in the UK. Acco…
From the reduction of workers to the “strategic review” of the unit in Spain, the business must change “to regain competitiveness”, said the group's new CEO, Margherita Della Valle.
Vodafone's New CEO Plans to Lay Off 11,000 Workers in Next 3 Years
British mobile phone giant Vodafone on Tuesday said it planned to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle seeks a "simpler" organisation. "Our performance has not been good enough," Della Valle said alongside news of flat annual revenue at the group.
“Our performance has not been good enough,” argues the group's CEO, Margherita Della Valle
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
To view factuality data please Upgrade to Premium