Brazil's Petrobras announces voluntary layoff program

viernes 1 de abril de 2016 07:47 GYT

BRASILIA, April 1 (Reuters) - Executives of Brazil's state-run oil producer Petroleo Brasileiro SA approved a voluntary layoff program to cut about 12,000 jobs and save 33 billion reais ($9.20 billion) by 2020, the company said in a statement on Friday.

The program will cost 4.4 billion reais ($1.23 billion) to be implemented, Petrobras said.

($1 = 3.5883 Brazilian reais) (Reporting by Silvio Cascione; Editing by Chizu Nomiyama)