VODAFONE TO CUT 2,300 JOBS

BERLIN, NOVEMBER 9 /SRNA/ – Telecommunications group Vodafone will cut 2,300 jobs in Germany as part of a cost-cutting programme and business restructuring in the country, the company's CEO Marcel de Groot said.

He told employees that around 2,300 positions would be eliminated or employees reassigned over the next two years as part of a comprehensive reorganisation.

Vodafone employs approximately 12,000 people in Germany.

The Düsseldorf-based network operator justified the package of measures by citing the need to simplify its structures and restore the company's competitiveness following a decline in its customer base in recent years, the DPA news agency reported.

In addition to savings on material and operating costs, the human resources department is expected to make a particular contribution to reducing expenses. Further savings are also expected through the increased use of artificial intelligence.