Vodafone to cut up to 650 UK jobs

Mobile operator Vodafone has said that it will cut up to 650 UK jobs in response to a slowdown in customer growth.

The company has about 10,000 employees in the UK and the cuts will include around 10 per cent of its senior management.

Although the job losses may cost Vodafone as much as £14m in pay outs, the move is expected to save tens of millions in the long run.

The telco managed to bag a customer increase of 2.5 million in the last quarter, setting it on track to hit 20 per cent subscriber growth this year, but this falls far short of last year's growth rate of 56 per cent.

Despite the slowdown in subscriber growth, Vodafone's customer base is over the 95 million mark, making it the largest mobile operator in the world. Orange follows up with 37 million users.

Further reading

• Communications

Orange feels squeeze on user numbers

• 08 Oct 2001

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