Petrobras Unable to Reach Agreement with Oil Workers on Strike

Petrobras announces that the company and the oil worker labor unions were unable to reach an agreement to suspend the walkout that was started on Monday (03/23). Although the new proposal was accepted by the parts and contains several advancements made with regard to the labor unions' demands, after two days of negotiations an understanding was not reached.

The new proposal included a substantial increase in the base level for Profit and Result Sharing (PRS) and overtime payment for the May Day holiday. Insofar as the demands related to worker safety are concerned, a proposal had been made that called for periodical meetings among the business areas and for discussions, together with the unions, on the implementation of the practices laid out in the corporate SEH policy and guidelines.

Concerning job reductions, Petrobras reasserted there is no measure to cut jobs or benefits on account of its instructions to optimize costs.
The item on which no agreement could be reached involves the company punishing strikers who went overboard during the movement. Petrobras proposed these cases be analyzed separately. Nonetheless, there was no consensus on this matter.

Petrobras informs production has not been impacted by the four days of the movement. The market is being supplied normally and the population was not impacted by the strike.

Petrobras reasserts it is open to dialogue and believes in negotiations to solve the impasse.