– Vodafone Group Plc is planning to shed a number of hundred jobs, most of that are positioned at its London headquarters, the Monetary Instances reported on Friday, citing individuals briefed on the discussions.
The report follows Vodafone’s November announcement of cost-saving measures value 1 billion euros ($1.08 billion) within the wake of a deteriorating market outlook.
Since then, the corporate’s Chief Government Officer Nick Learn has stepped down, a tenure throughout which the British telecom group’s share value almost halved, because the board expressed its unhappiness with the progress underneath him.
Earlier this week, Vodafone agreed to the sale of its enterprise in Hungary to native IT firm 4iG and the Hungarian state for a complete of 1.7 billion euros ($1.82 billion) in money, a deal that was first introduced in August final yr.
Vodafone didn't instantly reply to a Reuters’ request for remark.
($1 = 0.9225 euros)
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