Vodafone cut 3,000 roles in its U.K. and European division in the first half, The Independent reported, as the telecom group raised its annual earnings forecast amid a drive to reduce costs.
The company’s new full-year earnings range is €13.2 billion to €13.4 billion, compared with the €13 billion to €13.3 billion range reported in July.
For the six months ended Sept. 30, Vodafone recorded a €373 million pretax loss, reversing a €2.1 billion profit a year earlier. The Independent said a €4.85 billion writedown in Germany and other impairment charges contributed to the loss.
European costs fell by €200 million during the half, the report said. That included €50 million in U.K. savings following Vodafone’s 2025 merger deal with Three UK, which created VodafoneThree.
Jobs in shared-services operations in India and eastern Europe were also affected. The Independent did not give a separate count for those operations or specify how many of the 3,000 cuts were in the U.K.
Vodafone’s wider program targets more than €2 billion in annual cost reductions across Europe and shared operations by 2030. The Independent reported that the company eliminated 11,000 roles from 2023 through September 2026 and reduced annual costs by €700 million over that period.
Vodafone also announced plans Monday to cut another 2,300 jobs in Germany as it seeks to improve performance there, according to the report. Those planned cuts follow the 3,000 roles eliminated during the first half.
Group Chief Executive Margherita Della Valle said Germany “is not yet where it needs to be.” She said Vodafone was simplifying its operations in the country and working to improve customer satisfaction.
