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The company says the move will save €400 million over the next two years
Vodafone Germany has announced today that it will cut 2,000 jobs over the next two years as part wider company restructuring.
The company, which currently employs 15,000 people within Germany, said that staff would be relocated where possible, though specific numbers were not provided.
The job cuts are part of cost-cutting measures announced by new Group CEO Margherita Della Valle in May last year, in which 11,000 jobs are expected to be cut globally over the next three years.
“Vodafone wants to make itself even simpler, faster, leaner and therefore more powerful in the next two years,” said the press release from Vodafone Germany. “In addition to more efficient processes and optimised structures, the focus is on even better interaction options and simpler products and services for customers.”
Vodafone has been reshaping its operations globally for some time in an attempt to combat debt and its relatively flat growth in highly competitive markets.
In October last year, the company sold 100% of its Spanish unit to Zegona Communications for €5 billion and, just last week, Vodafone Italia was sold to Swisscom in its entirety in the latest step towards its “reshaped European footprint”.
The company is also in the process of merging its operations in the UK with CK Hutchison’s Three.
In a company announcement, Della Valle explained that “going forward, our businesses will be operating in growing telco markets – where we hold strong positions – enabling us to deliver predictable, stronger growth in Europe”. She also highlighted a major focus on the B2B sector, saying it held the “biggest opportunity” for revenue growth.
In related news, Vodafone Germany announced earlier this month that Marcel de Groot, the company’s head of private customer business, would take over as CEO, replacing the outgoing Philippe Rogge.
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