Vodafone announces staff reductions of 11,000 worldwide

LONDON, England: To help Vodafone regain its competitive edge, new boss Margherita Della Valle said she would cut 11,000 jobs throughout the world over the next three years.

Her statement follows warnings that a poor performance in its biggest market, Germany, would harm the company's cash flow.

The announced job cuts are the largest in the history of Vodafone, which employs 90,000 people in Europe and Af