Petrobras pay offer gets snub

By Gareth Chetwynd

 19 July 2012 22:59 GMT

THE Brazilian oilworkers’ union federation (FUP) has given a cool response to the latest pay offer from Petrobras, increasing the likelihood of strike action at the state-controlled oil company, writes Gareth Chetwynd.

Petrobras management made an improved offer, including a 4.6% raise and additional profit-sharing benefits.

FUP leaders recommended that their members reject the proposal, which was being prepared for a vote as Upstream went to press.

A wave of industrial unrest has been affecting Brazil’s public sector in recent weeks, as workers seek claims at or above the inflation rate.

Brazilian President Dilma Rousseff has called for common sense to prevail, arguing that steep pay increases will jeopardise Brazil’s faltering economic growth.

Public sector investment has fallen below promised rates due to slower-than-expected growth and Brazil’s…

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