Local sources say Petrobras will use the occasion of the presentation of its 2016-2020 business plan to publicise its layoff programme. Earlier this month, sources familiar with the matter told Reuters that Petrobras was considering to substantially reduce its five-year investment plan.
The anticipated layoffs come at a time of legal woes for Petrobras and an ongoing, widespread corruption investigation that has thus far implicated top-level executives and high-ranking politicians, including former President Luíz Inácio Lula da Silva. On March 13, people across Brazil staged the largest-ever protests in the country’s history. As many as 1.4 million people in São Paulo alone demand the removal of President Dilma Rousseff.
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