Brazilian state-run player Petrobras has approved a “voluntary layoff programme” for its workforce that will see about 12,000 jobs being cut in an effort to save money.
Petrobras said on Friday that the programme, approved by its remaining board of directors, is open to all its employees, who will be awarded an “incentive” in exchange for leaving his or her position.
Following the implementation of the programme, Petrobras expects to save 33 billion reais ($9.20 billion) by 2020, it said.
The incentives offered under the programme will add up to 4.4 billion reais, Petrobras added.
“The programme aims to adapt the workforce to the needs of the business.”
Amid low oil prices and corruption allegation involving top politicians in the country, Petrobras has been struggling financially.
石油圈
