Petrobras Cancels Oil Strike Talks, May Set New Date
RIO DE JANEIRO, Nov 10 (Reuters) - Brazil's state-controlled oil producer Petroleo Brasileiro SA canceled talks with union leaders planned for Tuesday aimed at settling a strike that is now in its ninth day.
Members of oil union FUP have been on strike at Petrobras, as the company is known, since Nov. 1 in the biggest labor action against it in 20 years.
The union wants Petrobras to reverse plans to reduce capital spending and force it to cancel asset sales designed to lower the company's $130 billion debt, the largest of any oil company in the world. In a statement, Petrobras said it is working on "proposals" that could be presented to workers, without giving a timetable.
Once a new date for talks is set, workers will be informed, the statement added.
Petrobras' press office said on Tuesday that the strike was cutting oil output by about 115,000 barrels a day, the same amount as Monday. That is equal to about 5.5 percent of pre-strike oil output in Brazil.
(Reporting by Jeb Blount; Editing by Paul Simao and Matthew Lewis)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 33 Offshore Rigs
Manages 6 Offshore Rigs
- Petrobras To Invest 137 Million Reais Iin Sao Paulo Refinery (Mar 08)
- Petrobras Chief Says US Refinery Sale Ongoing, No Plans To Build Elsewhere (Mar 05)
- Petrobras to Sell Pasadena, Texas, Refinery (Feb 06)