Vodafone says to cut 600 jobs in Germany

Vodafone is seeking to cut around 600 jobs in Germany, representing 5.7 percent of its workforce there, as it grapples with harsh competition and lower revenues, its German division said on Tuesday.

FP Archives|Jan 29, 2014, 04:14:56 IST

Frankfurt: Vodafone is seeking to cut around 600 jobs in Germany, representing 5.7 percent of its workforce there, as it grapples with harsh competition and lower revenues, its German division said on Tuesday."We have started voluntary job cuts. Nobody is forced to accept the offer," a company spokesman said.Vodafone Germany last month announced it would seek to cut 100 million euros in annual costs, saying it would try to avoid forced redundancies.[caption id="attachment_3990" align="alignleft" width="380"]

Vodafone Germany last month announced it would seek to cut 100 million euros in annual costs, saying it would try to avoid forced redundancies. Reuters[/caption]Vodafone and rivals Deutsche Telekom, Telefonica Deutschland and KPN's E-Plus are in a fierce battle for German customers, who are catching up with the rest of Europe in switching to smartphones from basic mobiles.In addition, mobile carriers are suffering from stricter regulation.The cutbacks come on top of a two-year restructuring programme launched by Vodafone Germany in April last year, affecting 500 jobs.Reuters

EU slaps Google with $1 billion antitrust fine over Play Store and Search practices

European Commission says Google unfairly favoured its own services on Search and the Play Store, violating the Digital Markets Act; the company calls the decision harmful to businesses and consumers.

1 min read

Brent crude flirts with $100, reigniting inflation and forex concerns for India

Experts say a prolonged rally above $100 per barrel is unlikely, but sustained high oil prices could push up inflation, widen the current account deficit and pressure the rupee.

2 min read

Can a record May offset a shrunk international schedule and help IndiGo turn a profit?

Record domestic market share boosts operating performance, but forex losses, rising oil prices and geopolitical disruptions could weigh on IndiGo's bottom line.

3 min read

China has dominated Myanmar’s rare earth mines — now India eyes deal to harness country’s critical minerals

India is deepening rare earth cooperation with Myanmar as New Delhi seeks alternative sources of critical minerals dominated by China, including dysprosium and terbium used in EVs, defence systems and clean energy technologies

6 min read

JPMorgan to hire 1,000 technology professionals for India GCCs amid AI-led transformation

Wall Street banking giant to expand hiring across cloud, cybersecurity and AI data pipeline roles as it strengthens its India Global Capability Centres despite AI-driven workforce optimisation.