An agreement between Brazil’s Petrobras and union workers has failed as staff call for the state-owned oil company to reverse budget cuts and cancel assets sales.
The strike, which has been going on for a week, is already the biggest in 20 years in the country.
A spokesman for FUP, the country’s main oil union, said: “Our demands are not for salaries, but in defense of national sovereignty and that the company goes back to being the impulse for
development of the country.”
It is understood talks will continue this week and Petrobras is hoping to reach an agreement by the end of the week.
Since Brazil’s biggest oil-union federation FUP took to the picket lines a week ago, the walkout has cut output by as much as 273,000 barrels a day.