Vodafone to cut 11,000 jobs as part of restructure

The telecommunications giant employs over 1,000 people directly in Ireland

Vodafone new Chief Executive Officer Margherita Della Valle said earnings this year will be largely flat as the company slashes jobs and simplifies its corporate structure.

Earnings before interest, taxes, depreciation and amortization after leases are expected to be €13.3 billion ($14.5 billion) in the year ending in March, company said in a statement on Tuesday.