Vodafone says to cut 600 jobs in Germany

FRANKFURT Wed Jan 29, 2014 12:02am IST

The headquarters of Vodafone Germany are pictured in Duesseldorf September 12, 2013. REUTERS/Ina Fassbender/Files

The headquarters of Vodafone Germany are pictured in Duesseldorf September 12, 2013.

Credit: Reuters/Ina Fassbender/Files

Related Topics

Stocks

   

FRANKFURT (Reuters) - Vodafone (VOD.L) is seeking to cut around 600 jobs in Germany, representing 5.7 percent 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 spokesmand said.

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

Vodafone and rivals Deutsche Telekom (DTEGn.DE), Telefonica Deutschland (O2Dn.DE) and KPN's E-Plus (KPN.AS) 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.

(Reporting by Peter Maushagen; Writing by Ludwig Burger; Editing by Louise Heavens)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage