Vodafone to Slash Costs
Analysts expect CEO Vittorio Colao to explain to what extent the consumer spending slowdown in Europe affects Vodafone and introduce a plan to cut up to £1 billion in costs, which could involve about 20 percent of its European workforce.
Vodafone's share price tumbled in July after it announced that the economic slowdown would dampen full-year 2008 revenues. (See Vodafone Wobbles on Outlook.)
— Michelle Donegan, European Editor, Unstrung