NEWS STORY : Vodafone Announces Plan to Cut 11,000 Jobs
NEWS STORY
Vodafone, the British mobile phone giant, has announced plans to cut 11,000 jobs over the next three years. The new Chief Executive, Margherita Della Valle, aims to simplify the organisation and drive changes and reform within the telecoms group, which she believes has under-performed over recent years. This decision comes as Vodafone forecasts a €1.5 billion drop in cash flow and the announcement of job cuts has caused Vodafone shares to fall sharply in value.
Margherita Della Valle has emphasised the need for customer focus, simplicity, and growth as priorities for Vodafone as the company moves forward. The planned reduction in workforce is part of a broader effort to reshape the company and improve its performance in what is becoming an increasingly competitive market. While the specific details regarding which departments or areas will be affected by the job cuts are not yet confirmed, it is evident that Vodafone is undertaking significant restructuring measures to streamline operations and address its financial challenges.
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