Amid the restructuring, Correios is considering launching a voluntary redundancy scheme (PDV) for up to 10,000 employees. The program is part of a series of measures to restore the financial balance of state-owned enterprises.
This information was first published by O Globo newspaper and confirmed by. big city. The reduction in personnel is expected to reduce personnel costs by R$2 billion annually.
The big city It is learned that the plan is in the final stages. In October, Correios announced a series of restructuring measures under the direction of new president Emmanoel Schmidt London.
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This includes a 20 billion reais loan guaranteed by PDV and the federation. Retrenchment proposals will be presented for areas deemed idle.
In addition to renegotiating contracts with suppliers, the state-owned company also wants to diversify its revenue to restore its cash-generating ability.
In the first half of 2025, Correios recorded a loss of R$4.37 billion. This is three times the negative result reported in the first half of 2024 (Rai 1.35 billion).
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