Brazilian oil workers, represented by the federation FUP, have approved a nationwide strike at Petrobras commencing 15 December, following a breakdown in labour negotiations. The union rejected the company's second counteroffer, deeming it insufficient and disrespectful, and will formally notify Petrobras of the strike action.

Negotiation Dispute and Key Demands

The core disagreements centre on Petrobras's pension fund, Petros, where workers seek a definitive solution to its growing deficit impacting retiree income. Additional demands include improvements to career plans and guaranteed wage increases not subject to fiscal adjustment mechanisms. FUP stated the latest proposal made no progress on these key points discussed since negotiations began.

Operational Impact and Company Response

The potential effect of the strike on Petrobras's onshore and offshore operations remains unclear, with the full impact expected to be assessed next week. In response, Petrobras emphasized its commitment to ongoing dialogue with unions and expressed hope to finalize an agreement through negotiation. The company stated its counteroffer included advancements for the workforce and affirmed it would implement contingency measures to ensure operational continuity if necessary.