Petrobras workers at Campos Basin authorize strike

|About: Petrobras - Petroleo Brasi... (PBR)|By:, SA News Editor

Employees of Petrobras (PBR -0.5%) at Campos Basin have approved a strike to begin tomorrow, according to the union.

That's Brazil's largest oil-producing area, making about 60% of the country's oil.

The union says it's rejecting an offer for a 6% increase in wages over proposed changes that would let Petrobras cut hours.

While Petrobras typically offers increases in excess of inflation, workers prepared a possible strike in September after the country's inflation hit 8.9%.