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 Petrom, the local subsidiary of OMV, the largest oil and gas group in south-eastern Europe, is to lay off 1,000 employees by 2027. The decision comes amid a global efficiency program initiated by the Austrian group OMV, the main shareholder, which aims to reduce costs internationally by around €150 million.
In Romania, almost half of the group's more than 23,000 employees work at OMV Petrom, approximately 10,000 people. The dismissing process mainly affects teams in the country, which means that the local impact is significant. The job reduction process is already underway, and the company mentioned that all measures are being carried out in accordance with labour legislation and the provisions of the collective bargaining agreement.
OMV Petrom representatives emphasize that decisions are made in consultation with trade unions and that the restructuring includes the granting of social rights provisions included in the employment contract
Eurofound (2025), OMV Petrom, Internal restructuring in Romania, factsheet number 203722, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203722.