March 9, 2010 / 1:54 AM / 10 years ago

Vodafone to cut hundreds of UK jobs

A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs

LONDON (Reuters) - Vodafone Group Plc, the world’s largest mobile phone group by revenue, is to slash up to 500 jobs in Britain, the Times reported in its Monday edition.

The paper said the European telecoms carrier plans to cut 500 staff from its headquarters in Newbury.

A spokesman for Vodafone declined to comment.

Last month Vodafone raised its outlook for 2010 after it posted third-quarter revenue ahead of forecasts due to cost cuts and an improving picture in Europe.

Reporting by Caroline Copley; Editing by Carol Bishopric

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