July 27, 2018 / 4:00 PM / a year ago

Brazil judge suspends payment order in salary case against Petrobras

RIO DE JANEIRO, July 27 (Reuters) - A Brazilian judge on Friday temporarily suspended an order requiring Petroleo Brasileiro to pay up to 17 billion reais ($4.58 billion) in a wage spat, accepting an argument by the state-controlled oil company that such a payment would risk causing it “irreparable damage.”

The injunction suspends a ruling last month by Brazil’s top labor court in favor of workers at Petrobras in a dispute over its compensation policy since 2007. Petrobras may still appeal the ruling to the Supreme court.

$1 = 3.7102 reais Reporting by Alexandra Alper; Editing by Christian Plumb

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