Petrobras Preps Voluntary Exit Plan for Already-Retired Staff Pending Board Review

Overview

• Two Reuters-sourced accounts say roughly 1,000 employees could be eligible, with criteria expected to include workers who retired via INSS from 2019 onward.
• The proposal targets employees who already receive retirement benefits but remain on the payroll, and departures would occur in 2026 if the plan is approved.
• O Globo reports the executive board has endorsed the program and that the Conselho de Administração will consider it on October 31, which sources expect to approve.
• A financial incentive is expected for participants, with specifics still under negotiation and slated for discussion next week, according to the reporting.
• Petrobras says it routinely evaluates workforce inflows and exits and will communicate any decision after internal approvals; the company has 41,778 employees, with 23% having 20 or more years of service in 2024.