Vodafone NZ to spend twice as much on restructuring this year

Wed, 04 Sep 2019

By Paul McBeth Sept. 4 (BusinessDesk) - Vodafone New Zealand will spend twice as much on restructuring in the current financial year as its new owners accelerate plans to strip out costs. The country's biggest mobile carrier spent $10 million as part of an organisational restructuring that included disestablishing jobs in New Zealand in the year ended March 31. It expects to spend another $20.8 million in the current year, its financial statements show. That restructuring bill helped push up Vodafone's labour costs to $278.3 million i...

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