Vodafone is axing around 500 of its staff in a bid to save a massive £1bn in costs, it announced today.
The world’s biggest mobile phone company said handset sales had been hit here and abroad by the deepening recession.
Vodafone, which employs 10,000 workers in the UK, has call centres and offices in London, Hayes, Newark, Banbury, Theale, Trowbridge, Warrington and Stoke-on-Trent.
The job losses will include 170 back-office posts at the head office in Newbury, Berkshire. However, all the group’s operations are set to be affected, including a reorganisation of its call centres.
The move is the result of rising raw material prices and increasing competition as the group looks to make £1bn of cost savings worldwide by March 2011.
A Vodafone spokesperson commented:
More Things I Would Like To Shout About“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.”
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