OMV plans layoffs and other measures to reduce expenses by 400 million euros by 2027, primarily affecting employees in Austria and Romania.

OMV has revealed a plan to reduce expenses by 400 million euros by 2027, which includes layoffs that could significantly affect employees in Austria and, according to sources, more than 1,000 jobs in Romania. The company aims to streamline operations and adapt to current commercial and geopolitical conditions. Further details will be communicated following negotiations with employee representatives.