Petrobras Board Approves Targeted Voluntary Separation Plan for About 1,100 Workers

Overview

• The plan applies to active employees who retired under the INSS before Brazil's 2019 pension reform (Constitutional Amendment 103).
• Petrobras estimates roughly 1,100 workers are eligible for the program.
• Departures are scheduled to be carried out over the course of 2026.
• Management describes the initiative as aligned with the business plan and aimed at gradual workforce renewal.
• The company frames the program as a career transition opportunity for qualified employees.