September 3, 2017 / 8:06 PM / 10 months ago

Brazil's Petrobras extends union agreement to November

BRASILIA, Sept 3 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA will extend its current collective bargaining agreement with labor unions until November, when a new federal law takes effect, it said on Sunday.

“For labor talks to be held calmly and out of respect for employees and the unions, Petrobras will extend the collective labor agreement until Nov. 10, the eve of the date when the labor law enters into force,” the company said in an email.

The law modernizing Brazil’s labor regulations, many of which date back to the 1940s, was enacted in July. It introduces more flexible working hours and eases restrictions on part-time employees, reducing costs for companies.

Unions opposed the legislation because it reduces their power and scraps obligatory dues payments, while allowing collective agreements between employers and workers to override some rules in the labor code. (Reporting by Anthony Boadle; Editing by Lisa Von Ahn)

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