While EU regulators look for ways to improve the finances of struggling continental carriers, Vodafone (VOD -1.2%) says it could cut as much as 25% of its Spanish workforce, or 1K jobs. Vodafone's Spanish revenue, hurt by a contracting local economy that has ~25% unemployment, fell 12% Y/Y in the Sep. quarter. A £5.9B ($9.4B) charge was recently taken on the carrier's Spanish and Italian ops.
While EU regulators look for ways to improve the finances of struggling continental carriers,...
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