Vodafone to shed up to 7% of staff

Thu, 11 Jun 2020

Vodafone New Zealand expects to cut its 2,000-strong workforce by between 5 percent and 7 percent as it deals with the impact of the covid-19 pandemic on its roaming and retail revenue. The telco stayed operating throughout the lockdown as an essential service, and while revenue has been hit, the knock didn’t reach the 30 percent threshold needed for it to seek the government’s wage subsidy. The company said it needs to significantly cut costs as changing consumer demand for more online customer support and increased phone...

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