SAO PAULO, March 12 (Reuters) - Brazilian payments firm

StoneCo ( STNE ) and a local union requested a labor court

suspend for 20 working days a ruling that ordered the company to

rehire about 370 employees, a court document seen by Reuters

showed on Thursday.

* StoneCo ( STNE ) and the Sindpd-SP union said the period is

going to be used for negotiations between the parties.

* Earlier in the day, a labor court judge sided with the

union, ordering StoneCo ( STNE ) to rehire employees it had dismissed

since Tuesday.

* The Sindpd-SP union said StoneCo ( STNE ) cut about 370 jobs,

while the company -which has not confirmed the exact number- has

called the move an "one-off adjustment" in its structure.