Austrian oil and gas player OMV is planning to cut around 2,000 worldwide staff, local media reported.
OMV is looking to cut 2,000 of its 23,000 worldwide staff, with OMV Petrom, the company’s Romanian subsidiary, taking the hardest hit.
Cuts are also planned at its refinery in southern Germany and Slovakia. In Austria, around 400 of the 5,400 workers will be cut. The reports claimed that the company will be making the cuts as “socially aware as possible”.
Borealis, OMV’s chemical subsidiary, which is set to merge with the chemical business of ADNOC, OMV’s main shareholder, will not be affected.
The Austrian Union of Private Sector Employees (Gewerkschaft der Privatangestellten or GPA for short) claimed that the company’s plans were a “severe blow” to the country’s economy.
The GPA revealed that it would take industrial action if OMV did not present a fair offer to departing staff.
