Vodafone to Cut 500 German Jobs, Shift Work to Romania, India
Vodafone Group Plc (VOD), the second- largest wireless carrier, said it will cut 500 jobs in Germany.
The company will transfer parts of its main regional operation to Romania and information-technology operations to India, Jens Schulte-Bockum, CEO of Vodafone’s German unit, said in an internal letter.
Schulte-Bockum didn’t say in the letter how many jobs will be added in Romania and India. Vodafone in February reached an agreement to cut 620 jobs in Spain.
“Commercial pressure is increasing,” and regulation of the industry “has been hostile to investment for years,” Schulte-Bockum said in the letter.
Vodafone will also reduce entry-level salaries and establish a service unit for customer care, he said.
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