The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
German Vodafone, subsidiary of the British Vodafone Group, is to cut 500 jobs. This is a part of newly announced restructuring programme. Vodafone faces some structural changes in the mobile phone industry and high competition.
In addition to the job cuts, the restructuring programme involves delocalisation to Romania (network technolgy area) and India (customer service) and a reduction of starting salaries. The programme will be implemented between 2013 and 2015.
Updated, 20/11/2013: After a consultation process with worker representatives, the company has announced to cut only 200 to 250 jobs in Germany's network technology unit. These jobs are to be relocated to Romania. Furthermore, 100 IT jobs are to be outsourced to India, adding to a total of 300 to 350 job cuts.
Sources
15 April 2013: Bloomberg
9 November 2013: rp-online.de
16 April 2013: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2013), Vodafone, Offshoring/Delocalisation in Germany, factsheet number 75248, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75248.
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