OMV Petrom

Details

Cost-efficiency program to eliminate approximately 1,000 positions by 2027. About half completed by early 2026, remaining reductions scheduled for 2026-2027. Driven by anticipated lower oil prices, aim to reduce expenses by €150 million by 2027 through personnel reductions, service optimization, simplification, and automation. Part of OMV Group's plan to cut 2,000 of 23,000 employees globally.