Vodafone earnings boosted as cost-cutting leads to 1,200 job losses in Europe

Vodafone’s interim boss said a slowdown in revenue growth “shows we can do better” as the group revealed it is rolling out more price hikes and ploughing ahead with a cost-cutting driv (Stephen Frost/Alamy/PA) -

Vodafone Group has reported higher sales and profits amid a drive to cut costs which has led to the shedding of 1,200 jobs in Europe over recent months.

The telecoms giant said its cost-saving initiatives had helped deliver the reduction in roles across Europe and in its shared operations in the three months to the end of June.