Vodafone to cut up to 1,200 jobs in Spain - News Summed Up

Vodafone to cut up to 1,200 jobs in Spain


Pressure on Vodafone in Spain has been compounded by a dip in customers after it decided to stop wholesaling football content from Telefónica JAVIER LIZON/EPAAlmost a quarter of Vodafone’s workforce in Spain could lose their jobs after a costly price war. The mobile phone group’s Spanish business will start a consultation with employees on plans to slash up to 1,200 jobs. It blamed the cuts on a downturn in its financial performance amid intense competition. Difficulties in some underperforming markets, notably Spain and Italy, have weighed on Vodafone’s financial performance. In November, it reported a 5.5 per cent decline in revenue to €21.8 billion and a…


Source: The Times January 11, 2019 06:35 UTC



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