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Brazil oil workers' federation recommends members end 72 hr. Petrobras' strike



By Reuters

Petroleumworld 06 01 2018

The FUP, Brazil's largest oil workers association, recommended on Thursday that members suspend a 72-hour strike they began on Wednesday, after a court said the group would be fined 2 million reais ($537,000) per day each day the strike continued.

The move is a relief for state-run oil company Petroleo Brasileiro SA, commonly known as Petrobras. According to the union, workers at 21 rigs in the Bacia de Campos basin - responsible for close to half of Brazil's oil production - had walked off the job.

$1 = 3.73 reais


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Reporting by Pedro Fonseca; Writing by Gram Slattery Editing by Chizu Nomiyama from Reuters 05 31 2018

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