(Reuters, 1.Jul.2020) â Some 10,000 employees of Brazil’s Petrobras, or 22% of its workforce, have accepted voluntary buyouts, Chief Executive Roberto Castello Branco said on Wednesday, as the state-run oil company intensifies its quest to slim down and refocus on core businesses. In a webinar hosted by Brazilian newspaper Valor […]
Tag: Castello Branco
New Chief Vows To Keep Petrobras Free From Political Meddling
(Ft.com, Bryan Harris and Andres Schipani, 24.Apr.2019) â Castello Branco knows Brazil oil group needs to show autonomy to regain investor trust. Roberto Castello Branco, the new chief of Brazilian oil company Petrobras, was thousands of kilometres away from his desk, at a conference in Chicago, when he faced his […]
Petrobras Price Move Damages Bolsonaro’s Pro-Business Stance
(Bloomberg, Simone Preissler Iglesias and Sabrina Valle, 12.Apr.2019) â A conversation lasting less than 20 minutes was enough to put the neo-liberal credentials of Brazil President Jair Bolsonaroâs government in question. Bolsonaro and his Chief of Staff Onyx Lorenzoni suspended oil giant Petrobrasâ diesel price increase late Thursday after that […]