Petrobras Improves Wage Offer to Union

By Andrew Willis, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Board members of Brazil's Single Federation of Oil Workers (Federação Única dos Petroleiros or FUP) have unanimously accepted a sweetened wage offer put forward by Brazil’s state-led oil giant Petrobras. The decision means an oil workers’ strike, scheduled to start on October 11th, may be averted.

In a statement released late Friday, October 5th, the FUP said the improved offer would see workers earn a pay increase of between 7.51 percent and 8.2 percent, or . . .

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