Petrobras

In the worst oil industry crisis in a hundred years there will be no layoffs, Petrobras discloses

T&B Petroleum/Petrobras Agency
20/04/2020 20:54
In the worst oil industry crisis in a hundred years there will be no layoffs, Petrobras discloses Imagem: Petrobras Agency Visualizações: 1558 (0) (0) (0) (0)

Petrobras has adopted emergency and temporary measures that have as a priority to preserve the company's jobs and sustainability in what is the worst crisis in the oil industry in a hundred years. There have not been and will not be dismissals of Petrobras employees. The measures to temporarily reduce personnel expenses are part of a set of actions taken by the company to face this crisis that combines the abrupt reduction in demand due to the new coronavirus pandemic and the sharp drop in oil prices. Petrobras also disbursed credit lines, cut and postponed investments and reduced operating expenses.It postponed the payment of the Performance Prize for employees and dividends for shareholders, in addition to the renegotiation of contracts with major suppliers. Petrobras' actions are in line with what the entire global oil industry is doing to overcome the impacts of this crisis.

Most Read Today
see see
Sustainability
ATPI Expands Global Sustainability Portfolio with Brazil...
06/08/25
Results
ANP releases consolidated 2024 data in English for the r...
29/07/25
Sergipe Oil & Gas 2025
SOG25 Surpasses Expectations in Its 4th Edition and Sets...
28/07/25
Sergipe
Government of Sergipe and Petrobras Strengthen Partnersh...
28/07/25
Sergipe Oil & Gas 2025
Sergipe Oil & Gas 2025 Highlights the Competitiveness of...
25/07/25
Sergipe Oil & Gas 2025
Márcio Félix, President of ABPIP, Sees a Promising Futur...
25/07/25
Sergipe Oil & Gas 2025
Sergas Highlights Progress and Expansion of Natural Gas ...
25/07/25
Permanent Offer
ANP Approves Studies for the Calcita Project, Potentiall...
25/07/25
Sergipe Oil & Gas 2025
Natural Gas Market Takes Center Stage on Second Day of S...
25/07/25
People
New Interim Director to Take Office on 7/25 at ANP’s Dir...
24/07/25
Sergipe Oil & Gas 2025
Sebrae Participates in the Opening of Sergipe Oil & Gas 2025
24/07/25
Royalties
Royalties: May Production Revenues for Concession and Tr...
24/07/25
Sergipe Oil & Gas 2025
Sergipe Reinforces National Leadership in the Energy Sec...
24/07/25
Sergipe Oil & Gas 2025
Sergipe’s Oil and Gas Potential Highlighted at SOG25 Opening
23/07/25
Sergipe Oil & Gas 2025
Sergas Participates in Sergipe Oil & Gas 2025 with Focus...
23/07/25
Sergipe Oil & Gas 2025
Fourth Edition of Sergipe Oil & Gas Highlights State’s R...
23/07/25
RD&I
ANP Holds Workshop on Private Equity Investment Fund (FIP)
23/07/25
Campos Basin
Petrobras announces Approval of the Production Individua...
23/07/25
ADIPEC 2025
ADIPEC 2025 Technical Conferences achieve record submiss...
22/07/25
People
BCCK names Andres Martinez as business development manager
21/07/25
Fenasucro
Brazil Holds Global Leadership in Renewable Cogeneration...
21/07/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2