February 2013

Misc

Brazilian oil workers expected to approve wider Petrobras strike

Workers are protesting Petrobras's latest profit-sharing offer, which the union contends short-changes workers to the benefit of shareholders. The strike is tentatively scheduled to start Feb. 20, said Joao Antonio de Moraes, general coordinator for the Brazilian Oil Workers Federation, or FUP.

By JEFF FICK RIO DE JANEIRO -- Brazilian oil workers will vote to approve a five-day strike at state-run energy company Petroleo Brasileiro, or Petrobras, that would likely interrupt oil production at the company, a union official said Friday. The strike is tentatively scheduled to start Feb. 20, said Joao Antonio de Moraes, general coordinator for the Brazilian Oil Workers Federation, or FUP. FUP is an umbrella union representing about two-thirds of Petrobras's 80,000 employees. If approved, the strike would come at a delicate time for Petrobras. Petrobras has struggled with flagging crude-oil production over the past year because of declining recovery rates at mature fields and mainte

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