Vodafone Group has said it cut 1,200 jobs across Europe in recent months as the telecoms giant aims to strip two billion euros (£1.71 billion) from its costs in the next four years. It came as shareholders in the company approved a pay package worth £10 million for boss Margherita Della Valle. Vodafone said its cost-saving initiatives had helped deliver the reduction in roles across Europe and in its shared operations in the three months to the end of June. It is understood that some of the reduction involved natural attrition, when people are not replaced after they leave the business. Across the group, Vodafone is targeting two billion euros (£1.71 billion) worth of cost savings between the 2027 and 2030 financial years, which it hopes will come from efforts to simplify the business and use more shared services.