Vodafone plans to cut around 2,300 jobs in Germany over the coming two financial years and has reported a €4.79 billion half-year net loss. Detailed talks with employee representatives are due to begin early in 2027.
Vodafone announced on 9 November that it plans to cut around 2,300 positions in Germany over the coming two financial years as it reorganizes its business there. Vodafone Deutschland says it has more than 12,000 employees.
The plan follows a wider overhaul launched in 2023 by chief executive Margherita Della Valle, which included thousands of job cuts and the sale of Vodafone’s operations in Italy and Spain. In Germany, the company had struggled after legislation stopped housing associations from bundling television contracts with rent, Euronews said.
Vodafone says mobile price competition, a shrinking television market, competition in fiber and inflation have increased pressure to reduce costs. It plans to bring sales and customer service closer together for both consumer and business customers, align its technology teams more closely with commercial operations and expand automation and superintelligence (SI) use.
The company says it is increasing investment in SI, information technology, fiber, digital services and customer channels. It intends the changes to resolve customer requests and develop products faster, lower operating costs and strengthen its competitiveness.
The proposed German cuts are separate from the 3,000 staff reductions Vodafone made across Europe in the first half, when it said it saved more than €200 million.
For the six months ended September 2026, Vodafone reported a €4.79 billion net loss, compared with an €829 million profit after tax in the first half of its 2025/26 financial year. It recorded a €4.85 billion impairment in Germany, an accounting reduction in the value of assets that the company said was primarily driven by adverse changes in interest rates. Its writedowns also included €2.2 billion linked to UK taxation.
First-half revenue rose 11.4% to €21.9 billion. Much of the increase came from consolidating VodafoneThree after Vodafone bought out CK Hutchison’s stake in the UK joint venture; the integration of Safaricom and Telekom Romania also contributed.
Vodafone raised its full-year adjusted earnings forecast to €13.2 billion–€13.4 billion from €13 billion–€13.3 billion.
Vodafone says it is seeking socially responsible arrangements for the workforce reduction. Detailed talks with employee representatives to finalize the restructuring plans are scheduled to begin early in 2027.
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