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Vodafone GmbH is cutting and relocating around 2,000 jobs in a bid to save €400 million in the next two years, the Dusseldorf, Germany-based subsidiary of Vodafone Group PLC announced on Tuesday. Vodafone currently employs around 15,000 people in Germany, which means that 13% of employees would be affected by the programme. In addition to job cuts, Vodafone Germany plans to reduce material and operating costs, Chief Executive Officer Philippe Rogge said in a speech to employees. The measures affect, for example, systems that are outdated or duplicated following company takeovers. Rogge is leaving the company at the end of March. Vodafone Germany has been undergoing a process of change for years. Under Rogge’s predecessor Hannes Ametsreiter, many customers recently complained that Vodafone was not able to fulfil its bold advertising promises when it came to landline connections, for example. Rogge on Tuesday explained that Vodafone has begun to realign itself - and has returned to growth with improved networks and offers in recent quarters. ‘Over the next two years, Vodafone therefore wants to become even simpler, faster, leaner and therefore more powerful,’ Rogge said. Vodafone shares fell 1.0% to 67.71 pence each on Tuesday morning in London. source: dpa Copyright 2024 Alliance News Ltd. All Rights Reserved.
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