After Officializing Its Voluntary Dismissal Program to Contain Costs, Petrobras Raises Resources Exceeding R$ 4 Billion in Just Over 3 Years
Without further ado, Petrobras, through its board of directors, approved a new Voluntary Dismissal Program. Initially, the state-owned company will incur expenses of approximately R$ 1.1 billion but will save (or return) about R$ 4.1 billion by 2023 in just over 3 years.
As announced by Petrobras, employees who are eligible to join the program and are technically retired by INSS can apply until the end of June 2020. The state-owned company was very emphatic in stating that it has concrete plans to renew and maximize its workforce as demands and operational activities also increase.(read the article about the state company’s new demands here).
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“The PDV was developed considering the replacement cost of the company’s workforce, the preservation of the necessary personnel for operational continuity, and adherence to the current Business and Management Plan,” the company stated. “The cost and return values may change according to actual participation, as well as other variables, with these estimates based on assumptions and criteria applicable at this moment,” highlighted Petrobras.

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