Vodafone New Zealand offers VRS to 2,000 employees

Vodafone New Zealand has offered voluntary redundancy to about 2,000 employees in New Zealand, CNBC reported. Vodafone 5G Italy

The strategy of Vodafone New Zealand is to review its business ahead of a possible stock market listing next year.

Vodafone New Zealand said VRS will not include call center and retail team members.

“We’re in the process of evaluating response ensuring customer service levels are preserved, business continuity maintained, and key skills are retained and developed to drive for our future growth,” Vodafone New Zealand spokesperson said.

Vodafone New Zealand said in December that it was reviewing all areas of its business to improve its performance and that a new operating model would be finalized in March.

Vodafone New Zealand late last year appointed Jason Paris as CEO as part of the plan to get it into shape for an initial public offering in 2020.

Vodafone New Zealand has about 3,000 employees and 72 retail shops across New Zealand. It has accumulated 2.4 million customers since it started operations in 1998.