Brazil’s Petrobras to slash management jobs

Brazilian oil and gas giant said it has approved a new restructuring plan aimed at saving by up to US$450 million (R$1.8 billion) a year.

This reform is taking place as part of the company’s response to the oil and gas sector’s new circumstances, leading Petrobras to prioritize its most profitable activities and become more competitive,” Petrobras said in a statement on Thursday.

Petrobras plans to cut the number of managerial posts in non-operational departments by at least 30%. The company has around 7,500 approved managerial posts, of which 5,300 are in non-operational departments.

According to the statement, the first restructuring phase will involve eliminating 14 senior management functions. The number of departments will fall from seven to six through the merger of the Downstream and Gas & Electricity departments.

The total number of management posts reporting directly to the Board of Directors, CEO and directors will be reduced from 54 to 41.

The second phase, planned for February, will cover the remaining management functions. Appointments and team allocations will begin in March.

In order to increase the profitability of businesses, the new model will involve merging departments to harness synergies, the Brazilian company said.

Accordingly, the Downstream and Gas & Electricity departments will be also merged to form the Refining and Natural Gas Department.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Posted on January 29, 2016 with tags .

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >