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Petrobras largest union on strike protesting sale of company's assets

Monday, November 2nd 2015 - 09:30 UTC
Full article 2 comments
FUP, which represents platform, refinery and other workers joined a number of smaller unions already on strike when it began industrial action at (18:00 BST). FUP, which represents platform, refinery and other workers joined a number of smaller unions already on strike when it began industrial action at (18:00 BST).
Petrobras, in an emailed statement, said oil production or refining is not affected by the strike. The company added it is open to meeting with unions. Petrobras, in an emailed statement, said oil production or refining is not affected by the strike. The company added it is open to meeting with unions.

Brazil's largest oil union began an open-ended strike on Sunday, protesting against attempts by the government to shrink the state-run oil company Petrobras, which is reeling from a corruption crisis and a crash in the oil price.

 FUP, which represents platform, refinery and other workers, joined a number of smaller unions already on strike when it began industrial action at 3 pm local time (1800 BST).

Petrobras, in an emailed statement, said oil production or refining is not affected by the strike. The company added it is open to meeting with unions.

A statement on FUP's website said the decision to strike had been made after more than 100 days of negotiations with Petrobras.

The company wants to pay down debt, which at about $120 billion is the most of any oil company, and generate cash for investment and revive investor confidence after a massive corruption scandal.

In an earlier statement last Friday announcing the strike, FUP said it wants asset sales stopped, work on refineries resumed, local content rules maintained, and a guarantee that Petrobras remain the sole operator in Brazil's sub-salt offshore oil area.

Top Comments

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  • Klingon

    The unions need to be reminded they only work for the company and do not make the decisions.
    The strikes will only lead to less investor confidence and more layoffs.
    Tell the unions Don't like your job? Go get another one.

    Nov 02nd, 2015 - 10:52 am 0
  • ChrisR

    The unions in SA have the same attitude that the unions had in the UK before the advent of The Blessed Margaret as PM.

    There was a woman who out-manoeuvred all of them and castrated them into the bargain.

    I cannot see anyone in SA who can take on these arseholes because the electorate do not trust businessmen when they can work for a lazy, inefficient, monopoly.

    Uruguay is fucked because of the unions among other MAJOR problems such as The Broad Fraud.

    Hopefully it will take another generation before it crashes and burns. I will be dead before that!

    Nov 02nd, 2015 - 06:35 pm 0
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