3/29, 5:51 PM (Source: TeleTrader)
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Vodafone seeks to axe 1,300 jobs in Germany

British telecommunication giant Vodafone Group is considering to cut around 1,300 full-time jobs in Germany, the company's Chief Executive Officer Philippe Rogge told Handelsblatt on Wednesday.

"If we want to finance our ambitions, we have to take this painful step," the CEO explained.

The business announced earlier this month that it would be laying off nearly 20% of its workforce in Italy due to a sudden drop in revenue brought on by "extraordinary pressures" from its industry-wide competition.

Baha Breaking News (BBN) / AB