What is OMV planning regarding its workforce?

OMV has started negotiations with employee representatives in Austria as part of a cost-saving program that may lead to staff reductions.

How much does OMV aim to save by 2027?

The company has identified a cost savings potential of 400 million euros (approximately $469 million) by the end of 2027.

What is the current exchange rate mentioned in the article?

The article mentions that $1 is equivalent to 0.8537 euros.

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Home > Finance > Oil company OMV plans to cut staff in Austria

Finance

Oil company OMV plans to cut staff in Austria

Published by Global Banking & Finance Review®

Posted on September 12, 2025

1 min read

Last updated: January 21, 2026

Oil company OMV plans to cut staff in Austria - Finance news and analysis from Global Banking & Finance Review

Oil company OMV plans to cut staff in Austria

Quick Summary

OMV Initiates Staff Reductions as Part of Cost-Saving Strategy in Austria

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