Vodafone Group Plc To Lay Off 620 Workers In Its Spanish Unit-Reuters

Friday, 15 Feb 2013 06:37am EST 

Reuters reported that Vodafone Group Plc announced that it has reached agreement with labor unions to lay off 620 workers at its recession-hit Spanish unit. Vodafone's job cuts are less than the maximum of 1,000 jobs initially expected, but is in line with the reduced figure of 650 which unions said last month the Company was seeking. The Company employs approximately 4,000 people in Spain. Vodafone also announced that working conditions for 150 workers would also change and that 400 staff would no longer receive tax-free luncheon vouchers. 

Company Quote

0.27 +0.76%
21 Nov 2014