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Kurier reports that Austrian oil giant OMV is planning to reduce its staff by a twelfth in the evening across the globe.

The Kurier reported that the Austrian oil and gas group OMV will cut 2,000 jobs from its worldwide workforce of 23,000.

In a Friday statement, the company stated that "competitiveness" of the group may require adjustments. It did not exclude what they called personnel measures.

OMV said that details of its plans will be announced once internal consultations are completed. In a report that was published Thursday evening, the newspaper cited staff unions to say that the Romanian subsidiary Petrom of the company would be particularly affected. Cuts were also planned for its refinery in Germany's south and Slovakia's.

Borealis Chemicals, which is due to merge with Abu Dhabi National Oil Company's (ADNOC) chemicals business, OMV's major shareholder, would not be affected.

The company will eliminate 400 of its 5,400 jobs in Austria.

The GPA union, which called the plans "a severe blow" to Austria's economy, warned that industrial actions could be taken if OMV failed to make a fair offer to departing employees.

The possible loss of highly-qualified staff is a significant loss for Austrian Industry," the report added.

(source: Reuters)