Petrobras oil workers strike, want overtime pay

  About 5,000 Petrobras oil workers with the North Rio Petroleum Workers Union, Sindipetro, initiated a one-day strike July 25, shutting down offshore operations off the coast of Brazil. About 5,000 Petrobras oil workers with the North Rio Petroleum Workers Union, Sindipetro, initiated a one-day strike July 25, shutting down offshore operations off the coast of Brazil. The strike has put 40 of the company's 48 deep-sea oil platforms at a standstill, Forbes reported.

The workers want Petrobras to resume paying overtime to those who spend nights on the oil rig. Specifically, workers want to be paid time-and-a-half for overtime work , the source said.

The strike decreased production for Petrobras by less than 1 percent, Reuters reported. Some of the workers participating in the strike stayed on the oil platforms for safety reasons, while others were holding small protests and meetings. Petrobras said many of its rigs in the Campos Basin were still producing oil and only a couple were completely offline.

The company produces about 90 percent of the oil Brazil uses.

A Petrobras spokesperson told Reuters the company is engaging in talks with the workers' union, but did not give details on if those talks included the issue of overtime pay.

More information about oil in Brazil can be found at PennEnergy's research area.

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