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Vodafone plans 1,130 job cuts in Italy

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Vodafone plans 1,130 job cuts in Italy
FILE PHOTO: A Vodafone logo is seen on a mobile internet dongle in this photo illustration, November 9, 2010. REUTERS/Suzanne Plunkett/Illustration/File Photo   -   Copyright  Suzanne Plunkett(Reuters)
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MILAN (Reuters) – The world’s second largest mobile operator Vodafone said on Monday it aims to cut its Italian workforce by 16 percent as part of a broader effort to reshape its business model given increasing pressure in the country’s mobile market.

The company will open negotiations with local trade unions over 1,130 redundancies, it said in a statement on Monday. Vodafone employs around 7,000 people in Italy, according to its website.

Last week Telecom Italia has reached a deal with trade unions on 4,300 job cuts, a source familiar with the matter has said.

(Reporting by Elvira Pollina; editing by Agnieszka Flak)

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