The impact of the credit squeeze will be felt by mobile operator employees as these firms look to reduce costs by cutting headcounts. Thousands of positions are expected to be axed across the major European operators, with management consultants already working to best advise where and when these reductions should be made.
While Vodafone has already announced plans to shrink its operating costs by £1 billion (currently £22 billion), and has already made 450 middle managers redundant at its UK HQ, Orange is thought to be planning some of the largest job cuts. However, Orange Austrian made public last week that it had offered job guarantees to its workers following a dramatic upturn in business during the last two quarters of 2008.
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