Vodafone Is Planning To Cut 1000 Jobs In Italy, Vodafone Italia Said In A Statement

Vodafone Job Cut: Vodafone has said that it is going to lay off 1000 people in Italy. This means that the company intends to reduce the jobs of a fifth of its total workforce in Italy. In fact, the unions had given this information to Reuters only last week. Two union officials had said that the British telecom giant wants to downsize its Italy unit, through which the company’s plan to reduce costs can be implemented.

What Vodafone Italia said in its statement

According to a news published in the Economic Times, Vodafone Italia said in a statement that the company is facing extreme competitive pressure in the telecom sector due to declining revenue and shrinking margins. Because of this, the company has to take this tough decision even without wanting to. The company has given information about this in a meeting of the unions and said that the company has to make its operational work easier at a faster pace. Therefore, Vodafone Italia has no other option but to cut jobs.

How many employees does vodafone italia have

Vodafone Italia had a total of 5,765 employees as of March. This information has been received according to the latest annual report of the group. The company employs around 1,04,000 people all over the world.

Vodafone had already indicated

In January this year too, there was a news that Vodafone has made a plan to lay off hundreds of employees in the next 5 years. In view of the impact of Recession in the market, Vodafone had announced its cost cutting in November 2022 itself. The company had announced that by the year 2026, the company would reduce its expenditure by up to $ 1.08 billion.

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