Vodafone to cut hundreds of jobs

LONDON, UK : Vodafone, the world's largest mobile phone group by revenue, is to cut hundreds of jobs in Britain, according to a report on Sky News.

The move to cut jobs could be made as early as Tuesday, said the report.

The mobile phone operator, which employs 10,000 people, has previously said it will boost free cash flow by cutting 1 billion pounds of costs.

Vodafone declined to comment on specific job cuts.

Shares in Vodafone climbed 1.59 per cent at 127.5 at 2:46 p.m., in line with a 1.7 per cent rise in the European sector.