3,000 jobs were cut by Vodafone in first half to reduce costs
Telecoms giant Vodafone has revealed it cut 3,000 roles across its UK and European division in the first half of the year as it slashes costs to boost growth.
The group said the jobs cull came as it stripped out 200 million euros (£165.4 million) in costs throughout its European business, including 50 million euros (£41 million) of savings in the UK after its deal to merge with Three UK in 2025 to create VodafoneThree.
It did not say how many jobs were axed in the UK, where it is headquartered. Roles were also impacted across its shared services operations, which provide support functions to the division from centres in India and eastern Europe. Vodafone announced another 2,300 job cuts in Germany as it looks to turn around performance in the country and as part of its drive to cut more than 2 billion euros (£1.64 billion) in annual costs across Europe and shared operations by 2030.
Margherita Della Valle, group chief executive of Vodafone, said: “I am very happy about our overall group performance, but Germany is not yet where it needs to be."