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Petrobras approves redundancy program targeting 1,100 workers

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Petrobras approves redundancy program targeting 1,100 workers

Nov 3, 2025 4:30 AM

SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras said on Monday that its board of directors has approved a new voluntary redundancy program targeting about 1,100 people.

"The financial impact will be recognized in the financial statements as participation in the program becomes effective," Petrobras said in a securities filing, adding that the terminations are expected to happen throughout 2026.

Reuters had reported on Petrobras' plan in October, citing sources.

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