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Brazil's Petrobras studying voluntary layoff programme in Sao Paulo

Published 26/02/2019, 23:10
© Reuters. FILE PHOTO: Women walk in front of the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro

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.

© Reuters. FILE PHOTO: Women walk in front of the Brazil's state-run Petrobras oil company headquarters in Rio de Janeiro

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.

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