Vodafone, unions reach agreement over 1,003 job cuts in Italy

ROME: Vodafone said on Thursday it had reached an agreement with unions over managing 1,003 job cuts in Italy needed to cut costs.

The British telecoms giant said the deal was aimed at transforming its Italian business model and containing the social impact of the redundancies, which cover almost a fifth of its total workforce in the country.

Under the accord the group will offer, among other things, career coaching services to employees interested in launching their own business, Vodafone said in a statement.