Vodafone could cut jobs as part of 1bn euro cost savings plan

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Mobile phone giant Vodafone has unveiled plans to cut costs by one billion euros which could lead to jobs being lost. Vodafone’s chief executive Nick Read said: “In terms of redundancies, of course, when we drive efficiency, product improvements and digitisation, there are impacts on some job roles. He also said that the network will take “pricing action” across Europe to mitigate against high energy bills and rising inflation, meaning prices could go up for customers. If you draw a comparison to mortgages or filling a tank of fuel for a car, I would say for what we offer, we are giving tremendous value Vodafone chief executive Nick Read It comes as the Berkshire-based mobile network said its adjusted earnings dipped by 2.6% in the first half of its financial year, driven by commercial underperformance in its largest market, Germany, and a one-off legal settlement in Italy.