Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Egypt, India and Romania
Sector
Information / Communication
Information Communication Services
Telecommunications
61.20 - Wireless telecommunications activities

1,700 jobs
Number of planned job losses
Job loss
Announcement Date
17 September 2018
Employment effect (start)
1 September 2018
Foreseen end date
1 September 2019

Description

Vodafone's chief executive has announced that the company would cut 1,700 jobs across shared service centres in Egypt, India and Romania this financial year. Job reductions represents about 8%  of the workforce in that side of the business (22,000 positions). The cuts are part of a cost saving plan of about €8 billion. The chief executive stresses that more back-office functions are taken over by 'robots'. Vodafone employs about 105,000 employees worldwide.


Sources

Citation

Eurofound (2018), Vodafone, Internal restructuring in World, factsheet number 95551, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95551.