Vodafone to cut hundreds of UK jobs

Britain's Vodafone Group Plc, the world's largest mobile phone group by revenue, is to cut hundreds of jobs in Britain, according to a News report.

Britain's Vodafone Group Plc, the world's largest mobile phone group by revenue, is to cut hundreds of jobs in Britain, Sky News reported on Monday.

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

Vodafone, which employs 10,000 people, has previously said it will boost free cash flow by cutting 1 billion pounds ($1.45 billion) of costs. It declined to comment on specific job cuts.

Vodafone were up 1.6 percent at 127.5 pence at 1456 GMT, in line with a 1.7 percent rise in the European sector.