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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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All indications are that there will be no public competition for Petrobras this year 2019, but we are hearing internal rumors about a competition soon to be announced by BR Distribuidora, stay tuned to our publications, we will inform you first.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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

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