“Compensation pay for collective layoffs vary between RON18,360 and RON31,100, depending on seniority,” the document reads.
Under the collective labor contract, for individual dismissals, employees are due between six and 18 minimum wages. In addition, retiring employees are due compensation pay equivalent to two or four monthly wages.
In December 2010, OMV Petrom had 24,660 employees, 15% less than in December 2009.
OMV Petrom was taken over in 2004 by Austrian oil and gas group OMV, which now holds a 51% stake. (EUR1=RON4.2087)