Vodafone plans 11,000 job cuts as new boss rues performance

Business

Vodafone has announced a massive programme of job losses, that will impact its UK operations, in a bid to recover its financial performance.

The company’s new chief executive said the telecoms firm had become uncompetitive and 11,000 roles would go over the next three years.

The group employs just over 100,000 people globally.

Vodafone was yet to respond to requests for information on how many UK roles would be affected but it was confirmed that its UK headquarters, in Berkshire, would see an impact.

Margherita Della Valle, who was permanently appointed CEO last month, said: “Our performance has not been good enough.

“My priorities are customers, simplicity and growth. We will simplify our organisation, cutting out complexity to regain our competitiveness.”

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