Tag: Layoffs

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With plans to drastically reduce its expenses, but finding no support from falling international oil prices and a plummeting Brazilian currency, the country’s oil giant, Petrobras, is taking drastic measures....

By Jay Forte, Contributing Reporter SÃO PAULO, BRAZIL – After a difficult year in Brazil's automotive industry, Mercedes-Benz announced another volunteer layoff plan for their plant in São Bernardo do Campo, a municipality located 27 kilometers south of São Paulo...

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - Brazil's President Dilma Rousseff has signed a temporary measure allowing companies to reduce working hours and employees' salaries in order to avoid layoffs. Through the Programa de Proteção ao...

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras has announced that it will release 8,298 employees - or 12.4 percent of its staff - as part of a voluntary redundancy program. The initiative will save at least...