Brazil oil workers plan 24-hour strike Friday - Union


Brazil oil workers plan 24-hour strike Friday - Union

RIO DE JANEIRO -- Oil workers at offshore platforms operated by state-run energy company Petrobras, plan to hold a 24-hour strike Friday, the oil workers' union said late Monday.

Workers at platforms in the offshore Campos Basin, which produces more than 85% of Brazil's crude oil, were protesting changes to overtime payments, according to a statement on the National Oil Workers Federation, or FUP, website. The strike will be the union's second such action over the past three weeks.

Petrobras declined to comment about the strike plans.

Platform workers also held a 24-hour strike July 25, when workers at 40 of the 46 offshore platforms in the Campos Basin adhered to the work stoppage. During the strike, oil workers will only perform essential services.

Such strikes generally have a limited effect on Petrobras's output because of their short duration. The strike, however, comes as Petrobras struggles to boost crude oil output amid ongoing maintenance at offshore platforms.

The last major strike at Petrobras took place in July 2008, when oil workers walked off the job for five days to protest work profit-sharing proposals and other issues. The strike cost Petrobras about 63,000 bopd.

Dow Jones Newswires

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