Petrobras announces staff plan for employees allocated to assets/units in divestment process

Sept 13, 2019

Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: Internal Recruitment, Termination by Mutual Agreement Procedure (PDA) and a Specific Voluntary Severance Program (PDV).

The staff plan will be presented to the employees at the beginning of the binding phase of each divestment process.

These initiatives are in line with Petrobras’ strategy for active portfolio management. In this process, like other oil companies, the Company is selling some assets and focusing on others that offer greater returns and are more aligned with its expertise, thus seeking the increase in value generation and greater competitiveness. In return, another company may invest in these assets/units, generating greater return to society.

Petrobras reinforces its commitment to transparency and respect for all its employees.

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