Vodafone

Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Information / Communication
Information Communication Services
Telecommunications
61.20 - Wireless telecommunications activities
218 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2013
Employment effect (start)
1 February 2013
Foreseen end date
15 April 2013

Description

Vodafone, the smallest domestic mobile operator (headquartered in London), is to cut 218 jobs (roughly 10% of staff in Czech Republic) by mid-April 2013.

According to the management the company will undergo restructuring in order to boost efficiency. The job cuts will include managerial positions as well.

All redundant employees will be paid severance pay in accordance with their collective agreements. Severance pay is based on years of service and ranges from 3 to 13 average wages. They will be also given the opportunity to use the services of professional advisors.

Sources

  • 30 January 2013: LidovĂ© Noviny
  • 30 January 2013: Bloomberg.com

Citation

Eurofound (2013), Vodafone, Internal restructuring in Czechia, factsheet number 74868, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74868.