Petrobras' board of directors approved a voluntary redundancy program that will affect approximately 1,100 employees. The program is designed to reduce the company’s workforce in a structured, voluntary manner.
Terminations under the program are scheduled to occur throughout 2026, with employees who opt for the exit package receiving compensation and transition support in line with Brazilian labor regulations.
The move is part of Petrobras’ broader cost‑cutting strategy, which aims to improve profitability amid volatile oil prices. Management said the program will help the company lower operating expenses and streamline operations.
Petrobras reported a Q2 2025 net profit of US$4.7 billion and an adjusted EBITDA of US$10.2 billion, underscoring the company’s strong financial position and the need to maintain cost discipline.
The redundancy plan targets employees across various business units, with eligibility criteria including tenure and retirement status under the Brazilian Social Security System. The company has not disclosed specific department breakdowns.
While Petrobras plans to hire approximately 1,780 new employees in 2025, the redundancy program reflects a targeted workforce optimization approach rather than a blanket reduction.
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