Brazilian Oil Workers Reject Wage Offer
FWN Select
Brazilian oil workers have rejected a 10.7% salary hike proposed by Petrobras and will decide next week whether to hold a three-day strike. A spokeswoman for Brazil's Oil Workers Federation, known as FUP, said Thursday workers found the offer made by Petrobras unacceptable as it doesn't make up for inflation over the Sept. 2002-Aug. 2003 period.
Workers are demanding a 15.5% readjustment to compensate for inflation, plus a 6.8% hike which would count as their share of the company's productivity gains in the period.
FUP members are planning to hold meetings between Oct. 13-17 to vote on a possible strike. Petrobras wasn't immediately available to comment. Brazil's oil workers went on a 24-hour strike in early September to ask Petrobras for the 22.3% pay increase.
Last week, Petrobras' Chief Executive Jose Eduardo Dutra said the 10.7% offer was "more than fair, and well above salary adjustments companies in the private sector are offering their employees." He also said his experience as a union leader made negotiations with FUP members much easier. "I understand where they are coming from, but they must understand the company can't accept all their demands," Dutra said.
Workers are demanding a 15.5% readjustment to compensate for inflation, plus a 6.8% hike which would count as their share of the company's productivity gains in the period.
FUP members are planning to hold meetings between Oct. 13-17 to vote on a possible strike. Petrobras wasn't immediately available to comment. Brazil's oil workers went on a 24-hour strike in early September to ask Petrobras for the 22.3% pay increase.
Last week, Petrobras' Chief Executive Jose Eduardo Dutra said the 10.7% offer was "more than fair, and well above salary adjustments companies in the private sector are offering their employees." He also said his experience as a union leader made negotiations with FUP members much easier. "I understand where they are coming from, but they must understand the company can't accept all their demands," Dutra said.
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