Vodafone Germany Says Restructuring to Hit 2,000 Jobs
Provided by
Dow Jones
By Kim Richters
Vodafone Group said it would cut or relocate around 2,000 jobs in Germany as part of a plan to lower costs and optimize its structure.
The U.K. telecommunications company's German business said the restructuring will have a financial impact of around 400 million euros ($433.5 million) in the next two years.
The company said Tuesday that one reason for the cutting or relocation of positions is that more activities would be carried out with increased automation in the future.
Vodafone Germany employs 15,000 people.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 26, 2024 08:07 ET (12:07 GMT)
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