Vodafone plans 1,130 jobs cuts in Italy
Reuters
Published Mar 11, 2019 11:32AM ET
Vodafone plans 1,130 jobs cuts in Italy
MILAN (Reuters) - The world's second largest mobile operator Vodafone (LON:VOD) said on Monday it aims to cut its Italian workforce by 16 percent as part of a broader effort to reshape its business model given increasing pressure in the country's mobile market.
The company will open negotiations with local trade unions over 1,130 redundancies, it said in a statement on Monday. Vodafone employs around 7,000 people in Italy, according to its website.
Last week Telecom Italia (MI:TLIT) has reached a deal with trade unions on 4,300 job cuts, a source familiar with the matter has said.
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Written By: Reuters
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