Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 161

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 161
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 of employees enrolled in new iterations of the Voluntary Severance Programs (the “PDV”) that were introduced throughout 2019. In 2024, 141 employees left us through the Incentive Retirement Program.
 In total, 444 employees left us in 2024, of which 333 were voluntary dismissals (includes PDVs and other types of dismissals).
 

Annual Report and Form 20-F 2024 |
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OUR TURNOVER (not including our subsidiaries, joint operations or structured entities)
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The employees that were hired in 2024 support our current Strategic Plan and enable workforce renewal. We believe that our growth helps ensure competitive advantage and value to our business, in terms of knowledge and talent management.
 Hiring new employees through the PSP and the dismissals contributed to a slight change in the range distribution of our workforce by time spent with us, as well as the age pyramid.
 
 TIME IN PETROBRAS (not including our subsidiaries, joint operations or structured entities) (%)
    
Annual Report and Form 20-F 2024 |
Labor Relations
 We respect the freedom of association and recognize the right to collective bargaining, as recommended by United Nations Global Pact. This commitment is reinforced by our Human Resources Policy, which determines the implementation of sustainable agreements built through dialogue, ethics and transparency with employee representatives, and by our Code of Ethical Conduct which ensures freedom of association. We also follow and encourage the International Labor Organization Constitution and Conventions ratified by Brazil.
 According to Brazilian legislation, all of our employees are represented by independent unions. We maintain relationships with 17 trade unions and two federations (i.e., a top-level union entity) of oil workers, as well as five unions and one federation of maritime workers. We value our relationships with all our stakeholders. For this reason, we invest in open and permanent dialogue with trade unions. As of December 31, 2024, 39% of our employees were unionized.
 We have a Collective Bargaining Agreement (“CBA 2023-2025”) with the oil and maritime trade unions, valid for two years, until 2025. These agreements include economic and social provisions relating to work, safety conditions, benefits, and other matters.
 Our agreements seek to be aligned with the UN Sustainable Development Goals, contributing mainly to decent