Recent rumours that Vodafone is to cut 500 jobs close to its headquarters have proven to be true. Or thereabouts. Vodafone has confirmed that 375 jobs are to go in order to help the company save £1 billion. However, 170 new roles will also be created at Vodafone, aimed at engaging customers. Vodafone is aiming to increase its customer base after the recession hit hard – it’s rumoured that jobs in Europe may also be due for the chop in order to recoup losses.

Many unions have described the company’s moves as disgraceful. It’s very hard not to agree.