Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT: Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.

The move is part of a cost-cutting drive announced nearly a year ago which will result in the loss of some 11,000 jobs worldwide.

“Personnel costs will be reduced through savings and the relocation of around 2,000 jobs – also because manual tasks will be performed by increased automation in future,” it said.