Vodafone cuts 3,000 jobs across UK and European operations

Summarised from 4 outlets · Updated 10 Nov, 08:57 · Archive

Vodafone has cut 3,000 roles across its UK and European division in the first half of the year as part of a cost-cutting overhaul. The company did not disclose how many of these jobs were lost in the UK, where it is headquartered.

The company removed 200 million euros (£165.4 million) in costs across its European business, including 50 million euros (£41 million) of savings in the UK. The UK savings followed its 2025 merger with Three UK to create VodafoneThree. Roles were also affected in shared services operations, which provide support to the division from centres in India and eastern Europe.

Vodafone separately announced another 2,300 job cuts in Germany as it seeks to improve performance there. The company is aiming to cut more than 2 billion euros (£1.64 billion) in annual costs across Europe and shared operations by 2030.

Despite the job cuts, Vodafone raised its annual earnings forecast to between 13.2 billion and 13.4 billion euros (£10.8 billion to £11 billion), implying organic growth of about 6 to 8 per cent. The company reported a statutory pre-tax loss of 373 million euros (£309 million) in the six months to September 30, compared with a profit of 2.1 billion euros (£1.7 billion) a year earlier, due in part to a 4.85 billion euro (£3.98 billion) writedown in Germany and other impairment charges.

Margherita Della Valle, Vodafone group chief executive, said: 'I am very happy about our overall group performance, but Germany is not yet where it needs to be.'

How it is being reported

• Vodafone axed another 3,000 jobs amid cost-cutting overhaulVodafone says it cut 3,000 roles across its UK and European division, but has not disclosed how many were lost in the UK.This Is Local London · 10 Nov, 08:39
• Vodafone axed another 3,000 jobs amid cost-cutting overhaulVodafone says it cut 3,000 roles across its UK and European division, but has not disclosed how many were lost in the UK.Croydon Guardian · 10 Nov, 08:39
• Vodafone axed another 3,000 jobs amid cost-cutting overhaulVodafone says it cut 3,000 roles across its UK and European division, but has not disclosed how many were lost in the UK.News Shopper · 10 Nov, 08:39
• Vodafone axed another 3,000 jobs amid cost-cutting overhaulVodafone says it cut 3,000 roles across its UK and European division, but has not disclosed how many were lost in the UK.Wandsworth Guardian · 10 Nov, 08:39

In this story: Vodafone · Three UK · Germany · Margherita Della Valle · UK

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