Brazil’s Supreme Court annuls billion-dollar labor dispute against Petrobras

A man walks in front of the headquarters of Petroleo Brasileiro S.A. (Petrobas) in Rio de Janeiro
FILE PHOTO: A man walks in front of the headquarters of Petroleo Brasileiro S.A. (Petrobas) in Rio de Janeiro, Brazil March 9, 2020. REUTERS/Sergio Moraes

February 14, 2022

(Reuters) – Brazil’s Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional wages for employees.

The majority Supreme Court vote confirms a previous ruling made last year by Justice Alexandre de Moraes to annul the dispute, the cost of which had been estimated at around 17 billion reais ($3.25 billion).

(Reporting by Ricardo Brito; Writing by Peter Frontini)

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