Advertisement
UK markets close in 6 hours 44 minutes
  • FTSE 100

    7,842.00
    -123.53 (-1.55%)
     
  • FTSE 250

    19,398.70
    -300.19 (-1.52%)
     
  • AIM

    740.68
    -9.60 (-1.28%)
     
  • GBP/EUR

    1.1719
    +0.0009 (+0.07%)
     
  • GBP/USD

    1.2440
    -0.0006 (-0.05%)
     
  • Bitcoin GBP

    50,779.54
    -2,621.09 (-4.91%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • DOW

    37,735.11
    -248.13 (-0.65%)
     
  • CRUDE OIL

    85.52
    +0.11 (+0.13%)
     
  • GOLD FUTURES

    2,387.40
    +4.40 (+0.18%)
     
  • NIKKEI 225

    38,471.20
    -761.60 (-1.94%)
     
  • HANG SENG

    16,248.97
    -351.49 (-2.12%)
     
  • DAX

    17,765.32
    -261.26 (-1.45%)
     
  • CAC 40

    7,940.62
    -104.49 (-1.30%)
     

Vodafone targets some 1,000 jobs cuts in Italy - union officials

2023 Mobile World Congress in Barcelona

By Elvira Pollina

MILAN (Reuters) -Vodafone is looking to cut about 1,000 jobs in Italy as part of a larger cost saving plan the telecoms giant is pursuing to revamp its operations, two union officials told Reuters.

The figures emerged after an internal meeting between unions and company representatives in Italy on Thursday.

As of last March, Vodafone's workforce in Italy totalled 5,765 employees, according to the group's latest annual report.

A negotiation process with unions is expected to kick off in the coming weeks, the officials said.

Vodafone's planned jobs cuts are focused in particular on customer care operations, one of the officials added.

ADVERTISEMENT

Vodafone had no immediate comment.

Like other operators in Italy, Vodafone has been grappling for years with a challenging market, characterised by aggressive price competition which has eroded earnings.

(Reporting by Elvira PollinaEditing by Keith Weir)