Petrobras corruption scandal hurts construction jobs

Global Business

Well the country’s economy definitely isn’t getting any help from Petrobras. The state-run energy giant’s corruption scandal is rippling through the economy. Now some of the country’s biggest construction projects are finding it harder to secure funding. CCTV’s Paulo Cabral filed this report from Sao Paulo.

Follow Paulo Cabral on Twitter @paulonumundo

Petrobras corruption scandal fallout kills construction jobs

Petrobras corruption scandal fallout kills construction jobs

Well the country's economy definitely isn't getting any help from Petrobras. The state-run energy giant's corruption scandal is rippling through the economy. Now some of the country's biggest construction projects are finding it harder to secure funding.


Highlights:

  • Government funding cuts and fallout from the country’s largest-ever corruption scandal have stopped infrastructure projects. Job losses are rising by the tens of thousands adding to an already weak economy.
  • In March, Brazilian construction jobs fell by more than 22,000 workers. That’s on top of almost 31,000 jobs the industry hemorrhaged in February.