Beleaguered telecoms giant Vodafone plans to shift UK jobs overseas in a cost-cutting drive.
According to an internal memo and due to the restructure, Vodafone is creating a new VOIS Business Services unit. Moving jobs to cheaper locations, streamlining some teams, and sharing more technology aims to reduce expenses.
It is unclear how many UK jobs will move abroad, while an activist investor is pushing the FTSE100 company to switch roles from its business division to its services teams in Egypt, India, Hungary, and Romania.
The firm said the restructure would ‘enhance efficiency’ and help grow ‘global products at scale across markets,’ but that raises questions as to the structure of Vodafone Business and its subsidiary Vodafone Global Enterprise (VGE), which provides corporations with workplace mobile contracts.
Vodafone Group is well known British multinational telecommunication company, which registered office and global headquarters are in Newbury, Berkshire, England, predominantly operates services in Asia, Africa, Europe, and Oceania.
Vodafone owns and operates networks in 22 countries, with partner networks in 48 further countries. Vodafone Global Enterprise division provides telecommunications and IT to corporate clients in 150 countries.