Brazilian state-controlled oil company Petrobras has established a voluntary redundancy plan targeting workers aged 55 or over,as the company tries to cut costs while meeting ambitious growth plans.The company employs around 60,000 people,8,000 of whom are within the targeted age group.The scheme is one of the company’s many cost optimisation plans now in effect, as the heavily indebted Petrobras tries to fund its$237bn 2013-17 business plan(WPA,10 January,p6).
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