Petrobras gets favorable ruling in labor case before STF

Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcement made on 02/15/2022, informs that, on 11/10/2023, the First Panel of the Federal Supreme Court concluded the judgment of the pending appeals in the lawsuit in which the methodology for calculating the Minimum Remuneration by Level and Regime (RMNR) supplement is discussed.

The First Panel of the Federal Supreme Court, by 3 votes to 1, recognized the validity of the collective bargaining agreement freely signed between Petrobras and the unions, regarding the calculation methodology for calculating the remuneration of the company’s employees. The court decision can be appealed to the full STF.

As this decision can still be appealed, Petrobras is evaluating possible effects on its financial statements.

More information on this case can be found in the explanatory notes to the Quarterly Financial Statements for Q3/2023, released on November 9, 2023. 

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