Correios gave “Vale Peru” R$2,500 to postmen and other employees in 2024. Find out why the Christmas bonus was reduced this year

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Benefits were granted such as a linear adjustment of 4.11% for 55,000 Correios employees and the return of a clause on a 70% vacation bonus, but a “Valley of Peru” worth R$2,500 for each employee stands out. This is a Christmas bonus paid in two installments at the end of last year, when Correios’ financial situation was already quite delicate.

The advantage, equivalent to almost two minimum wages, was enough to buy ten to fifteen birds, taking into account an average price of R$40 per kilo in supermarkets. A year later, the situation of the public company and its employees is very different. This year, there will be no Christmas bonus for postmen and other postal employees.

The reason is the biggest financial crisis in its history. As O GLOBO showed yesterday, the management of the public company is expecting an emergency contribution from the National Treasury of between R$5 and R$6 billion until December 16 to honor its end-of-year commitments, such as the payment of salaries, 13 and suppliers.

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The emergency contribution would now give breathing space to the state-owned enterprise to maintain operations and continue negotiations with banks. Meanwhile, the state-owned company has been ordered to cut spending. And even the Christmas bonus for employees has not been forgotten.

Faced with the crisis, Correios canceled Vale Peru, because no expenses can be excluded from the company’s restructuring plan, being developed in exchange for the financial aid.

Correios extended the law, which contains around 70 social and economic clauses, such as salary adjustments and meal vouchers, until December 16. Next Tuesday, company management will discuss the issue with union leaders. The ACT expired in the middle of the year and was extended consecutively, given the deteriorating financial situation of the state-owned enterprise.

Waiting for financial aid

Correios’ management decided to modify short-term plans aimed at an emergency financial injection from the Treasury this year because it believes that, in the midst of the acute crisis, there is no more time to conclude negotiations with banks to contract a loan of 20 billion reais, guaranteed by the National Treasury, say sources close to the public company’s decisions and conversations with the government.

The government has resisted the idea of ​​investing resources in Correios due to the lack of budgetary space and the fact that the public company is part of independent public companies capable of generating their own revenue. But, according to those interlocutors, it is understood that an emergency decree authorizes the contribution this year, provided that it is conditional on a recovery plan, as is the case of Correios.

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Among the savings measures envisaged as part of the restructuring plan of the public company, there is the expansion of the workforce reduction objective with a voluntary dismissal plan (PDV). The initial plan was to hire 10,000 employees in 2026. Today, the public company intends to eliminate 5,000 additional positions thanks to the PDV by 2027.