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Petrobras Estimated To Disconnect About 557 Maritime Workers From Its Subsidiary Transpetro Between September 2020 And July 2021
Petrobras announced this morning, June 29, 2020, that the Board of Directors of its subsidiary Transpetro approved the creation of a Voluntary Dismissal Program (VDP) exclusively for its employees. Operation Car Wash: Technip Returns Over R$ 265 Million To Petrobras
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According to Petrobras’ announcement, the VDP is an important tool for workforce management, being yet another measure focused on cost reduction to strengthen the resilience of the company’s business.
The voluntary dismissal program at Transpetro has an estimated return (avoided personnel costs minus severance payments) of R$ 552 million by 2025 and aims to align the maritime workforce with active fleet management actions.
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According to Petrobras, disconnections at Transpetro are scheduled to occur between September 2020 and July next year, estimated at about 557 maritime workers.
“Petrobras reaffirms its commitment to transparency and respect for all its employees and those of its subsidiaries. The company seeks to create conditions for professionals to make the best choice, always maintaining its commitment to ethics, transparency, and the highest levels of safety and operational efficiency,” says the state-owned company in a statement.
Petrobras Has Liquigás Sale Process Again Declared Complex By CADE
The technical area of the Administrative Council for Economic Defense (CADE) declared, and the acting general superintendent of the agency, Patricia Alessandra Sakowski, accepted the acquisition of Liquigás by Copagaz, Itaúsa, Fogás, and Nacional Gás Butano as “complex.”
The decision was made this Thursday (06/25) and the process will now undergo analysis for another 90 days, during which it will be assessed whether the proposed distribution of assets among the parties is adequate to address concerns related to the potential exercise of unilateral power and likewise incapable of minimizing risks of coordinated power exercise in the LPG distribution market.
CADE’s technical note further states that it requires more information from market agents and the National Petroleum Agency (ANP), as well as time to present any economic efficiencies arising from the operation and its sharing with the consumer.
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The first sale of Liquigás had already been vetoed by CADE after the agency declared the negotiation with the Ultra group as “complex.” Still during Pedro Parente’s management at Petrobras, the R$ 2.8 billion operation was closed in 2017 and was vetoed by the agency in March 2018, resulting in a fine exceeding R$ 200 million and causing a change in the new sale proposal.
Petrobras announced last November the sale of Liquigás to the group formed by Copagaz, Itaúsa, and Nacional Gás Butano. According to the company, the consortia’s offer of R$ 3.7 billion was the best made for participation in the distributor.
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