Tuesday, June 19, 2007

Petrobras Expects to Continue Negotiations With Labor Unions, Avoid Strike

(Bloomberg) -- Petroleo Brasileiro SA, Brazil's state-
controlled oil company, wants to continue talks with its workers to
avoid a strike that unions say would aim to reduce production.

``We expect the talks with the unions will continue, and we
will try to reach a negotiated solution with the workers,''
Petrobras Chief Executive Officer Jose Sergio Gabrielli said in an
interview today. ``We expect the strike won't take place.''


Read more at Bloomberg Emerging Markets News

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