Petrobras Said to Cut Parties, Chauffeurs to Save $12 BillionBy
Company looking to reach cost-cutting target by 2019
Will also cut outsourced staff, reduce management positions
Petroleo Brasileiro SA is doing away with chauffeured cars, overseas training programs, office parties and other perks as part of a plan to save $12 billion in corporate spending, people familiar with the measures said.
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