Vodafone plans 500 job cuts

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} Vodafone, the world's largest mobile phone company by income, intends to cut around 500 jobs in the UK as part of previously-announced plans to save ┬ú1 billion in costs.   Vodafone employs 10,000 workers in the UK. The 500 job losses include 170 posts at its head office in Newbury, Berkshire.   "Vodafone UK has today announced reductions to its operating costs in order for it to compete more effectively in the UK market," the company said. "As customers look for best value in their mobile services, Vodafone intends to reduce its cost base whilst continuing to invest in new products and services to meet changing customer needs."   The company said in November last year that it expected to reduce its worldwide operating costs by ┬ú1 billion a year by 2011.   *┬á┬á┬á┬á┬á┬á┬á┬á┬á *┬á┬á┬á┬á┬á┬á┬á┬á┬á *