Internal restructuring
Location of affected unit(s)
Germany, Italy, Spain and United Kingdom
Information / Communication
Information Communication Services
61 - Telecommunications

11,000 jobs
Number of planned job losses
Job loss
Announcement Date
16 May 2023
Employment effect (start)
16 May 2023
Foreseen end date
16 May 2026


Vodafone, the global communications group, has announced on 16 May 2023 that 11.000 jobs will be cut globally within the next three years. The affected locations include Germany, Italy, Spain, and the United Kingdom, and the affected units include shared services to regional businesses. Vodafone's Chief Executive Margherita Della Valle has stated that the reason behind the job cuts are the company's shares having fallen to the lowest level since 20 years. Another driving factor is the safeguarding of Vodafone's competitive capabilities, which have been threatened by recent poor performance, especially in its biggest market, Germany. 

Previous restructuring cases within Vodafone have been recorded in the ERM events database. During 2023, an internal restructuring plan has been announced in Germany (Vodafone-2023-DE) and Italy (Vodafone-2023-IT). Previous restructuring include one in 2021 in Spain (Vodafone-2021-ES), and in 2020 in Italy (Vodafone-2020-IT).



Eurofound (2023), Vodafone, Internal restructuring in World, factsheet number 109273, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109273.