56256
Petrobras Workers Strike
Petrobras Workers Strike

Petrobras Workers Strike

Petrobras Workers Strike

Workers at Brazil's national oil company, Petrobras, began a strike last week that has paralyzed operations at its refineries and offshore platforms. The strike comes after workers rejected a salary increase they say is insufficient, Sputnik reported. Petrobras has historically given raises that have at least covered the rate of inflation—but the proposed 6% increase would fall nearly 1% short of that, as of November's reckoning. Petrobras, which has debts of more than $125 billion, has been trying to cut costs and sell off assets, including announcing a $2.2 billion asset sale to French oil company Total. The Federation of Petroleum Workers union, the largest trade union in Brazil's oil sector, also says Petrobras is in breach of the Collective Work Agreement for 2016-2017. Unions have also voiced concerns about changes in their employee contract that could let Petrobras lower the number of hours worked. In a statement, Petrobras said it had been notified by unions of the strike ahead of time.

 

Short URL : https://goo.gl/fCIZnS
  1. https://goo.gl/cVNeBN
  • https://goo.gl/QgHpJe
  • https://goo.gl/tt8wjF
  • https://goo.gl/2oWvll
  • https://goo.gl/6i7lHi

You can also read ...

Vitol to Stop Business With Iran
Energy trader Vitol will stop doing business with Iran after...
Iran Hydropower Production Down 36%
The unprecedented decline in precipitation during the past...
Crude Prices at 4-Year High, Producers Resist Output Rise
Oil prices hit their highest since November 2014 on Tuesday,...
India Crude Demand to Grow - Photo: OilManMagazine
India’s crude oil demand is forecast to grow to 500 million...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus