Mobile phone giant Vodafone will this week disclose details of a cost-cutting program that could lead to its axing 6,000 jobs from its workforce world-wide, a newspaper said Sunday.
The Sunday Telegraph added that Vodaphone's chief executive Arun Sarin will Tuesday announce pre-tax losses of 15 billion pounds (21.8 billion euros), the biggest in Britain's corporate history, caused by a writedown of assets.
The group is expected to announce it intends to bolster revenue by targeting its fixed-line rivals, the newspaper said.
It will offer a fixed-line broadband product, involving a partnership agreement with another supplier, it said.
Sarin will try to trim costs, particularly in relation to the company's 60,000 strong workforce as he prepares to outsource many back-office systems to IT specialists such as IBM and Hewlett-Packard, according to the newspaper.
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