BREAKING NEWS

BREAKING NEWS

Brazil's Petrobras studying voluntary layoff programme in Sao Paulo

Brazil's Petrobras studying voluntary layoff programme in Sao Paulo
FILE PHOTO: Women walk in front of the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro, Brazil December 5, 2018. REUTERS/Sergio Moraes -
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SERGIO MORAES(Reuters)
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SAO PAULO (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Tuesday that it is studying a voluntary layoff programme at its administrative headquarters in Sao Paulo to cut costs.

Petrobras, as the company is known, said in a statement it did not have further details or a timeline for potential layoffs. The Sao Paulo unit of the company employs more than 400 workers, according to a local union.

(Reporting by Roberto Samora and Marta Nogueira; Writing by Jake Spring ; Editing by Leslie Adler)

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