Vodafone Group PLC's German unit will eliminate 2,300 positions as part of a restructuring plan launched on Monday morning. The move comes as Germany's leading telecom operator faces a severe price war and shrinking television revenues. The staff reductions aim to restore competitiveness and free up capital for artificial intelligence and fibre-optic networks.
Vodafone Germany to Cut 2300 Jobs
Vodafone Deutschland announces plans to eliminate 2300 jobs to lower costs amid rising competition. The division will integrate operations and increase investments in AI and fiber networks.
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