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26 July, 2005
The Oil Workers Federation of Brazil (FUP) staged a 24-hour warning strike at Petrobras 31 March that saw 90% participation by the state-run company’s workers. Oil workers are seeking a higher dividend from the company’s profit-sharing plan. FUP had been conducting a series of two-hour strikes up to the 31 March action, and now has given the company until 10 April to meet the demands or face escalated strikes. The 24-hour strike last week came a day after Petrobras set a historic daily output record, hitting 1.65 million barrels of oil, a 0.6% increase over the prior record set on 14 March 2003.