As part of Vodafone’s full-year results tomorrow, the global carrier reportedly will announce an aggressive cost-cutting plan as economic pressures weigh heavily on its European operations.

The Financial Times reports that Vodafone (NYSE: VOD) is expected to seek savings of more than £500 million ($765 million) by March 2010, which is slightly revised from its plans announced last winter when it said it wanted to save up to £500 million by March 2010. The plan also called for an additional £500 million in savings the following year. Citi analyst Terence Sinclair estimates the real cost-savings could soar to as much as £600 to £700 million by March 2010, however, Vodafone is not expected to increase the overall target of £1 billion over the two-year period.

In addition, Vodafone is expected to say it will stop giving revenue guidance since it cut sales forecasts twice during the last year. For the 2008-2009 year, analysts expect Vodafone to report revenue of £40.9 billion ($62 billion), up 15.2 percent from the year-ago period.