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.
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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