Vodafone results "expose double standards"
Today's announcement of surging profits at Vodafone Group has once again served placed the spotlight on the double standards being paraded by a company which is repaying the staff who have delivered its success with job losses and threats of outsourcing.
With profits surging by 56.5 per cent to £7.5 billion for the six months to September 20, 2010, compared to £4.8 billion profit recorded during the same period last year, anyone might have thought that rewards would be in order for staff who have also helped deliver a 3.9 per cent increase in revenues.
The stark reality, however, is that Vodafone is pressing ahead with plans unveiled last month to close its Banbury call centre, with the loss of 400 jobs locally. The Banbury closure announcement came on top of job losses announced earlier in the year, a recruitment freeze and Vodafone's growing penchant for using outsourcing.
Source: CWU
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