Petrobras and unions fail to strike agreement
Brazil 
RIO DE JANEIRO, November 10, 2015 – Brazil’s state-run Petrobras has not yet reached an agreement with worker unions that have demanded a reversal of budget cuts and to cancel its sales on assets.
The Single Federation of Oil Workers, Brazil’s main oil-union federation known as FUP, is asking for an 18-percent increase in salary as well as a reversal of Petrobras’ proposed $100 billion in budget cuts and plans to sell oilfields and stakes in its distribution unit.
“Our demands are not [only] for salaries, but in defence of national sovereignty and that the company goes back to being the impulse for development,” FUP said Monday in a statement.
The two sides will meet again on Tuesday with the company expecting to reach an agreement by the end of the week, according to a Reuters report.
The oil-workers strike, which began on Sunday, is the biggest the company has experienced in 20 years, halting Petrobras’ crude production by as much as 13 percent. This strike could further exacerbate the company’s $130-million debt.
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