Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras has announced an upcoming increase in its contribution to corporate health care plan costs from 60% to 70%, starting July 2024, based on recent CGPAR Resolution and its 2023-25 Collective Bargaining Agreement. This decision is expected to decrease the company’s annual operating cash flow by R$500 million. The financial implications of this change will be reflected in Petrobras’ Q2 2024 financial statements.
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