Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
OMV, an Austrian oil and gas group, has announced that it will cut about 2,000 jobs globally.
In Austria, about 400 positions are expected to be cut OMV 2025-AT. The company has not confirmed the exact figures but said any measures will be implemented in close consultation with employee representatives and in a socially responsible manner.
According to the sources, operations in Romania, Germany (Burghausen), and Slovakia (Bratislava) are also expected to be affected.
The layoffs are part of the ‘Revo’ efficiency programme, which targets cost reductions and streamlining, particularly in corporate and administrative functions. The restructuring is planned to proceed until 2027. The restructuring comes as OMV accelerates its shift from oil and gas to chemicals and renewable energy, with management citing volatile markets, lower oil prices, and the need to secure future competitiveness.
OMV is a major integrated energy company with global operations, including exploration, production, refining, and corporate services, employing nearly 23,000 staff worldwide.
Eurofound (2025), OMV, Internal restructuring in World, factsheet number 203369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203369.