Vodafone announced today that 500 jobs at its UK mobile phone business will be cut to save £1bn in operating expenses by 2011. Vodafone’s european businesses may see cut in jobs as well, which include Germany, Italy and Spain.
In December 2008 Vodafone already announced that 150 employees in Vodafone Ireland will be made redundant.
Weak consumer spending is forcing mobile operators and handset manufacturers to cut costs and optimize their operations. Nokia announced voluntary redundancy and is hoping that it can reduce it’s global workforce by 1000 people.
Nokia hopes to reduce the number of involuntary redundancies that it may have to make as part of cost efficiency plans.
Nokia will open application on 1 March for its Voluntary Resignation Package until 1,000 people have applied. Application will close at the latest on 31 May. Senior executives and direct labourers will be exempt.
