Vodafone Newbury HQ to Lose 500 Employees
Vodafone announced last year a Â£1 billion cost cutting program, and also last year Vodafone announced the shedding of 500 staff due to said cost cutting program. Now Vodafone is getting ready to cut up to 500 staff at their Newbury headquarter reports the Times Online.
Vodafone was founded in Newbury back in 1982 and after recent staff cuts has roughly 3000 workers in the Berkshire market town, which it looks like at some point in the not too distant future will shrink again.
The Â£1 billion Vodafone cost cutting program is used to reduce employees working in such areas as back-office and middle management, and has already made its retail director and director of consumer sales redundant as part of the consumer business shake-up.
Vodafone UK still remains the largest employer in Newbury, and began with just 50 people working in one building. Vodafone has of course declined to comment on its plans to cut another 500 jobs.