By: Charles Capel, Angela Cullen
It is rare you see comments from a FTSE 100 CEO as frank as Vodafone’s Margherita Della Valle at this morning. “Our performance has not been good enough. To consistently deliver, Vodafone must change,” she said in a full year statement in which she announced the company is cutting 11,000 roles across three years in a new action plan. That also involves a strategic review in Spain and a turnaround plan in Germany.