RIO DE JANEIRO, Nov 8 (Reuters) - Brazilian state-run oil company Petroleo Brazileiro’s fuel distribution unit Petrobras Distribuidora is set to undertake a reorganization plan to save 650 million reais ($158 million) a year, the company said in a filing on Friday.
The plan would cost 780 million reais to implement and would include job cuts, revising contracts and changing compensation programs, the company said.
($1 = 4.1106 reais)
Reporting by Tatiana Bautzer; Editing by Edmund Blair
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