Share

Vodafone seeks to slash jobs in Germany

Frankfurt - Vodafone is seeking to cut around 600 jobs in Germany, representing 5.7% of its workforce there, as it grapples with harsh competition and lower revenues, its German division said on Tuesday.

"We have started voluntary job cuts. Nobody is forced to accept the offer," a company spokesperson said.

Vodafone Germany last month announced it would seek to cut €100m in annual costs, saying it would try to avoid forced redundancies.

Vodafone and rivals Deutsche Telekom, Telefonica Deutschland and KPN's E-Plus are in a fierce battle for German customers, who are catching up with the rest of Europe in switching to smartphones from basic mobiles.

In addition, mobile carriers are suffering from stricter regulation.

The cutbacks come on top of a two-year restructuring programme launched by Vodafone Germany in April last year, affecting 500 jobs.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.04
+0.9%
Rand - Pound
23.79
+0.7%
Rand - Euro
20.41
+0.7%
Rand - Aus dollar
12.38
+0.8%
Rand - Yen
0.12
+1.0%
Platinum
919.10
+0.8%
Palladium
980.50
-2.4%
Gold
2,330.93
+0.7%
Silver
27.33
+0.6%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.8%
Industrial 25
102,531
-1.4%
Financial 15
15,802
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders