Oh Dear - Vodafone record loss and job cuts - Contractor UK Bulletin Board

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stackpole replied

30 May 2006, 08:10
Originally posted by Mailman

I was thinking "gee, thats a lot of money to lose" but then realised its not a real loss...just a paper loss.

Not if you are a shareholder. Also, they paid more for Mannesmann than it was worth to the business, which is a real loss.
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Mailman replied

30 May 2006, 08:02
I was thinking "gee, thats a lot of money to lose" but then realised its not a real loss...just a paper loss.

Awe well, just as well Im not a customer of theirs anymore!

Mailman
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DimPrawn started a topic Oh Dear - Vodafone record loss and job cuts

30 May 2006, 07:08
Oh Dear - Vodafone record loss and job cuts

http://news.bbc.co.uk/1/hi/business/5028718.stm

Mobile operator Vodafone made a £14.9bn ($27.9bn) loss last year - a record for a British company - after it wrote down the value of key assets.
It incurred one-off costs of more than £23.5bn after writing down the value of German business Mannesmann, which it bought in 2000.

Vodafone said its overall performance had exceeded expectations, after it added 21 million new customers.

But the firm is cutting 400 jobs as it seeks to reduce costs aggressively.

That's another 400 people who will soon be gracing ASDA or B&Q's checkouts.
Unless the jammy sods get a plum public sector job that is.
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