Petrobras Workers Approve Nationwide Strike to Begin Dec. 15

Overview

• Unions rejected Petrobras' second counterproposal, citing lack of progress on Petros deficit-equation plans, career plan improvements, and safeguards against fiscal-adjustment mechanisms.
• The wage dispute pits the company's offer of inflation plus 0.5% (about 5.66%) against workers' demand for roughly 9.8% to recover past losses.
• Retirees and pensioners launched a vigil at Petrobras' Edisen headquarters in Rio de Janeiro on Dec. 11 to press for solutions on Petros PEDs.
• Meetings in Brasília with the Quadripartite commission and government interlocutors continue in parallel to the mobilizations.
• Petrobras says it remains in dialogue and will deploy contingency teams to maintain operations, and an internal source told Reuters the strike poses no immediate production risk.