Vodafone to slash 11,000 jobs in turnaround strategyBloombergVodafone Group PLC’s new chief executive officer, Margherita Della Valle, yesterday unveiled a plan to revive growth at the telecom giant, pledging to slash jobs and simplify the company’s corporate structure. A woman walks past a Vodafone Group PLC store in London on May 16, 2017. To consistently deliver, Vodafone must change,” she said in the statement. Much of the decline is due to a change in German law which affects how Vodafone is able to collect money from customers, a spokesman said. A company-compiled consensus of analyst estimates had put the figure at 3.6 billion euros.

Source: Taipei Times May 16, 2023 18:36 UTC