RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2016-09-05 18:35:00

PETROBRAS CUTS 11,704 JOBS

PETROBRAS CUTS 11,704 JOBS

According to WSJ, Brazil's troubled state-run oil company Petróleo Brasileiro SA on Friday announced the end of its voluntary layoff program, with 11,704 workers deciding to leave the company amid intense efforts to cut costs.

Petrobras said the program, implemented in April, is likely to cost around 4 billion reais ($1.23 billion) and could save up to 33 billion reais through 2020. Petrobras already provisioned 1.2 billion reais in the second quarter.

In April, the company said it expected up to 12,000 employees to leave as part of the layoff program.

Petrobras has been making cuts across the board, reducing its once-ambitious investment plan and listing assets for sale as it tries to cope with low oil prices and a corruption scandal.

Petrobras had 78,470 employees at the end of 2015, down from a high of 86,111 at the end of 2013. Tens of thousands of third-party contractors dependent on Petrobras have also been fired or not had their contracts renewed amid the company's struggles.

Petrobras' net profit fell 30% in its second quarter from a year earlier to 370 million reais, the most recent figure available, due to weak fuel demand in recession-stricken Brazil and lower oil prices in the international market, among other factors.

-----

Earlier:

PETROBRAS NET INCOME $106 MLN 

STATOIL BUY BRAZIL: $2.5 BLN 

PETROBRAS SELLS $6.75 BLN 

PETROBRAS SELLS $1.4 BLN 

BRAZIL & VENEZUELA IN SHOCK

 

Tags: OIL, PRICE, PETROBRAS, BRAZIL, JOB
Chronicle:
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:54:00
ГИДРОЭНЕРГЕТИКА ЦЕНТРАЛЬНАЯ АЗИЯ И КАСПИЙ 2022, ВЫСТАВКА И КОНГРЕСС
Рады сообщить, что свое участие в 6-м ежегодном международном конгрессе и выставке «Гидроэнергетика Центральная Азия и Каспий 2022» (г. Душанбе, Таджикистан, 16-17 февраля) подтвердили уже более 150 руководителей ключевых энергетических компаний региона.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:53:00
PIPELINES GREEN TRENDS TO BE DISCUSSED AT TOGC CONGRESS
Carbon-neutral energy market in Europe requires O&G majors’ attention because it remains one of the most influencing market topics of the XXI century. The Transportation Oil and Gas Congress 2022 (TOGC 2022) gives pipeline industry representatives an opportunity to discuss development trends on 21-22, February, 2022.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:52:00
LEARN THE LATEST GLOBAL LNG TRENDS WITH LNGCON 2022
The next edition of the International LNG Congress (LNGCON 2022) takes place in Dusseldorf, Germany on March 28-30, 2022. Covering the whole LNG value chain, the Congress brings together decision makers of the industry to tackle the most relevant issues such as the role of LNG in the transition towards zero-carbon shipping.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:51:00
ENERGY WEEK CENTRAL ASIA & MONGOLIA 2022
To learn more, join the upcoming high-level international investment conference Energy Week Central Asia & Mongolia 2022, which will take place on 26-28th April in Tashkent.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:50:00
WORLD GAS CONFERENCE 2022
The 28th World Gas Conference (WGC 2022) takes place in Daegu, the energy city of Korea in May 2022.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:49:00
SWEDISH NUCLEAR HYDROGEN
OKG has long operated a facility at the Oskarshamn site which uses electricity from the power plant to produce hydrogen through the electrolysis of water.
PETROBRAS CUTS 11,704 JOBS
2022, January, 21, 10:45:00
SAUDI ARABIA'S HYDROGEN
Private sector firms in Saudi Arabia will be encouraged to import hydrogen-powered vehicles as part of the Kingdom's green iniative
All Publications »