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Vodafone announces 500 job cuts | Vodafone announces 500 job cuts |
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Mobile phone operator Vodafone has announced plans to cut about 500 jobs in the UK in an effort to reduce costs. | Mobile phone operator Vodafone has announced plans to cut about 500 jobs in the UK in an effort to reduce costs. |
Vodafone, the world's largest mobile phone company by income, is shedding jobs as part of previously-announced plans for £1bn ($1.4bn) of cost cuts. | |
Vodafone, which employs 10,000 workers in the UK, faces rising raw material prices and increasing competition. | Vodafone, which employs 10,000 workers in the UK, faces rising raw material prices and increasing competition. |
The 500 job losses include 170 posts at Vodafone's head office in Newbury, Berkshire, in back-office type roles. | |
All the group's operations are set to be affected, including a reorganisation of some of its call centres. | All the group's operations are set to be affected, including a reorganisation of some of its call centres. |
Vodafone has call centres and offices in Newark, Banbury, Theale, Trowbridge, London, Warrington, Stoke-on-Trent and Hayes. | |
Online focus | |
"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." | |
Vodafone said it did not intend to close any stores, but planned to cut costs by offering more online services, as it believed its 19 million UK customers wanted a greater focus on value for money. | Vodafone said it did not intend to close any stores, but planned to cut costs by offering more online services, as it believed its 19 million UK customers wanted a greater focus on value for money. |
The company said in November last year that it expected to reduce its worldwide operating costs by £1bn a year by 2011. | The company said in November last year that it expected to reduce its worldwide operating costs by £1bn a year by 2011. |
Earlier this month, the firm reported revenue of £10.47bn for the last three months of 2008, up 14.3% on the same period a year ago, and raised its forecast for full-year revenues after benefiting from the weaker pound. |