A Brazilian court suspends the fine of a millionaire imposed on Petrobras to pay the salaries of employees



[ad_1]

Spanish >> Latin America

Updated to 07/28/2018 – 11:06

Keywords:

RIO DE JANEIRO, July 27 (Xinhua) – The Supreme Federal Court (STF) The Brazil, the country's highest court, on Friday suspended a decision that forced the state-owned oil company Petrobras to pay about 17,000 million reais (about $ 4,530 million) to its employees for salaries and bonuses, sources said. official. 19659005] Supreme Court Justice Antonio Dias Toffoli has accepted a petition filed by Petrobras on Thursday to suspend the immediate execution of the sentence that the Higher Labor Court (TST) imposed on Petrobras last month in proceedings before the court. in 2007 in the form of payment of wages of workers is discussed, as announced by the STF.

Petrobras argued that the measure would have a big impact on his accounts and could leave the company, the largest in Brazil, in serious trouble. financial entities. Currently, the oil company is recovering from a severe economic crisis suffered by falling oil prices and by the disclosure of a vast network of corruption in its interior that diverted billions of dollars at least between 2003 and 2014.

The TST ruled last month that Petrobras paid R $ 15,000 million (about $ 4,000 million) to supplement the wages of active and retired workers, and raise their wages by about 2,000 million. reais per year (about 530 million dollars) now The magistrate has also determined that all proceedings on the issue remain suspended until the end of the deliberation of the Supreme Court.

Petrobras is the world's most indebted oil company and launched two years ago a strict restructuring plan, which includes the sale of assets, to raise funds to deal with their unpaid debts.

In the first quarter This year, it recorded profits for the first time after four consecutive years of losses.

Related information:

[ad_2]
Source link