Brazil - 03

Brazil: Oil Union Salary Raise: A Major Political Victory for Parente

The FUP, which comprises 13 different unions in the oil sector, accepted an offer of an 8.57% salary increase last week, to be paid retroactively back to September. The unions and Petrobras management had been in negotiations over salary adjustments since September, and a brief strike in late December (that was called off after three days) had raised concerns over potential labor disruptions. According to Petrobras management, the FUP has agreed to continue with negotiations regarding a possible reduction of daily working hours – from eight to six – and a corresponding 25% decrease in income.

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