“The layoffs announced by the Vodafone group do not apply to Greece, where the company continues to show positive results,” its sources say. Vodafone Greece was asked to comment on a statement by Vodafone chief Margherita Della Valle that it would cut 11,000 jobs over three years to simplify the telecommunications group.

In fact, the same sources refer to the relevant extract from the group’s financial results, which emphasizes the strong results in the Greek market.

“Greece records very good performances and is actually a shining example within the band in many areas. It is indicative that in the last quarter of the year Greece recorded one of the highest growth rates of income from services, about 4%. In particular, service revenues in Greece increased on the back of higher roaming revenues, the addition of 138,000 mobile subscribers (last year), positive growth in corporate fixed-line customers, also supported by public sector wins in Fund projects recovery,” they say.

And they add: “The key message coming from the new group CEO and the intention at the group level to start a new life with fresh ideas and strategies that will put the company back on a new growth trajectory. It can only be good. This new principle also includes the very positive decision that decision-making and the definition of commercial strategies and products take place where it makes the most sense, that is, in the markets themselves, and not centrally in the group. This also explains staffing changes and reductions at the group level, as there is no need for collegiate decision-making structures in each country. In addition, new beginnings for some large markets indicate a change in strategy or consolidation of structures resulting from acquisitions or mergers, and this also explains the changes and declines in these countries.

“Absolutely clear, they indicate that Greece is not one of those markets that will be affected.”

Finally, they state that the changes announced by the CEO of the Group, namely the planned reductions at the human resources level within three years, do not apply to Greece, which, as we said, is a great example, while at the people level, she constantly adds new employees and specializations in cutting-edge sectors such as networks and IT, where at least another 50 new positions are already planned.

^{Source: APE-MEB}