While Vodafone has gained much headway into the industry, it is not spared from the economic problems being encountered by most people today. Mobile phone giant Vodafone has frozen salaries for its 10,000 UK staff as it looks to slash costs, it has been reported.

The move comes barely a month after Vodafone announced it was cutting around 500 jobs in the UK as part of plans to save £1 billion worldwide by March 2011.

According to the Independent on Sunday other measures to affect the firm’s UK subsidiary include scrapping bonuses and ordering sales representatives to keep their cars for longer.

In a confidential memo Guy Laurence, chief executive of the UK business, reportedly told staff the move to stop pay rises was a “tough decision to make, but a responsible one”.

(Source) AP

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