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Romania agency says Petrom to cut 3,000 jobs

Romania's top oil and gas firm Petrom, majority owned by Austria's OMV, is to cut 3,000 jobs, just under a tenth of its workforce, a state employment agency spokesman told a TV station.

“We are talking 3,000 jobs across the country,” Dragos Parvan, spokesman at a local employment agency branch, told Realiatea TV.

Petrom was not immediately available for comment.

Romanian unemployment is expected to rise sharply this year from relatively low levels around 4% as companies cut production because of slumping global demand. (Reuters)