Wednesday, January 28, 2009

Romania agency says Petrom to cut 3,000 jobs -TV

BUCHAREST, Jan 28 (Reuters) - Romania's top oil and gas firm Petrom SNPP.BX, majority owned by Austria's OMV (OMVV.VI), is to cut 3,000 jobs, just under a tenth of its workforce, a state employment agency spokesman told a TV station on Wednesday.

"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 percent as companies cut production because of slumping global demand.

At 1040 GMT Petrom shares traded up 0.6 percent on the day at 0.1660 per share, compared with a five-year low of 0.1260 hit in October. (Reporting by Luiza Ilie, editing by Will Waterman)

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