Petrobras Announces Voluntary Layoff Plan and Other Operational Cuts

Written by Paulo Nogueira

Published on 14/03/2019 at 15:48

Updated on 14/03/2019 at 15:52

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With the Intention of Saving US$ 8.1 Billion by 2023, Petrobras Plans to Lay Off Employees and Reduce Operational Activities Starting This Year

Petrobras announced a few days ago its plan to reduce its operational expenses by up to US$ 8.1 billion between 2019 and 2023, an announcement officially made on March 8. According to Petrobras, spending on employees is among the main cuts within the project through the voluntary dismissal plan, also including reductions in advertising expenses and its offices across the country.

With this reduction in expenses in its plans, the Brazilian state-owned company said it is also included in the divestment program, which was previously estimated at US$ 122.6 billion by 2023.

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Petrobras Announces Voluntary Layoff Plan and Other Operational Cuts

With the Intention of Saving US$ 8.1 Billion by 2023, Petrobras Plans to Lay Off Employees and Reduce Operational Activities Starting This Year

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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