Lava Jato Scheme Affects Brazil’s Ship-Building Industry

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The impacts of the billion-dollar corruption scheme involving Brazil’s oil giant Petrobras and disclosed by the country’s Federal Police in 2014 have reached to the country’s ship building industry. According to officials at the Brazilian Naval Construction and Repair Industry and Offshore Union (Sinaval), the scandal, dubbed Operação Lava Jato (Operation Carwash), may lead to the layoffs of 40,000 sector employees in the next four months if Petrobras does not resume investments.

According to Sinaval’s President, Ariovaldo Rocha, one of companies with contracts . . .

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