In Its Quest to Cut Costs, Petrobras Again Announces VSP (Voluntary Dismissal Program), Raising Concerns Among Unions
After Petrobras admitted, last Tuesday (09/24), its intention to dismiss civil servants who work at Torre Pituba, in Salvador, the Brazilian state-owned company announced the approval of a new Voluntary Dismissal Program (VSP) exclusively for employees working in the corporate segment of the company.
This is the third VSP promoted by the company this year, continuing its efforts to reduce costs and aim to close the year in the black.
In addition to the revenue from the onerous concession auction, Petrobras is counting on reducing expenses to balance its accounts, and after announcing the closure of several bases across the country, it now seems that it is time to decrease its payroll, raising concerns for the union of the category.
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The VSPs
The VSP announced this Thursday (09/26) is the third announced in 2019. The first was aimed at those employees who were retired by INSS until June 2020.
The second VSP covered the Personnel Plan of the Active Portfolio Management Program (Specific VSP) and was focused on employees of the business units being sold, in this case the subsidiaries.
Petrobras, through an official statement, emphasized that all three programs will provide employees with the same legal advantages and indemnities, but Sindipetro (Petroleum Workers Union) is closely monitoring the programs and expresses its immense concern about the situation of the company’s employees.
“Petrobras reaffirms its commitment to transparency and respect for all its employees. The company seeks to create conditions for professionals to make the best choice, always upholding its commitment to ethics, transparency, and the highest levels of safety and efficiency in operations,” read the statement.
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