Posts Tagged ‘cost-cutting programme’
Vodafone to axe further 375 jobs
Telecoms company Vodafone has announced plans to cut a further 375 jobs as part of its £1 billion cost-cutting programme, undertaken last year by the company as a result of a sharp decline in revenues from its core UK market.
The company, which is the world’s largest mobile phone operator, said the job losses would [...]
Ericsson announces more job losses as profits slump
Swedish telecoms equipment maker Ericsson is to eliminate a further 1,500 jobs, as it posted a 92% slump in fourth quarter profits.
The company said net profit for the October to December period was 314 million kronors (£27 million), compared with 3.89 billion kronors in the same period a year earlier.
The results were far worse [...]