Correios management has raised the objective of the voluntary dismissal plan (PDV) to 15,000 dismissals. It is estimated that 10,000 employees will be laid off in 2026 and another 5,000 in 2027, an estimated saving of 1.4 billion reais.
The measure is contained in an internal document called “Correios em Restructuring” to inform workers of the recovery plan, which will be carried out between 2025 and 2027 to get the public company out of the financial crisis.
“This is a completely voluntary initiative, with attractive and secure conditions for those who choose to join,” the document states. The press release also confirms the postponement, until 2027, of the hiring of candidates selected during the public competition organized at the end of last year.
The management of the public enterprise also informed that it would review the organizational structure to improve the governance of the public enterprise and implement a new position and salary plan (PCCS) by December 2026, “aligned with the operational and strategic needs of the coming years”. The press release does not detail the measures that will be adopted in this case.
Health plan and Postalis
The restructuring plan provides for changes to the health plan until June 2026 with measures to make the model sustainable and measures to improve the management of Postalis, a pension fund until March 2026.
Another measure already announced is a “technical review” of a thousand deficit units. “This means evaluating real-world situations: units with low movement, operating costs well above average or locations where alternative channels, like Correios AQUI, can offer better efficiency,” the document explains.
The company’s management informs that the most immediate concern is to regularize supplier payments by January 2026. For this, it reaffirms the need for a bank loan of approximately 20 billion reais, part of which will be due in 2025 and the rest in 2026.
The information also explains that, despite attempts by the management of the public company to improve the borrowing conditions requested by the banks, given the refusal of the National Treasury to approve this costly operation, no progress was recorded until Friday. However, the document indicates that the company is negotiating alternatives with the government, such as an emergency contribution of resources from the Treasury.
One of the objectives of the Correios management will be the operational area to attack critical flows. The new route model was implemented in Goiás, Distrito Federal and Pernambuco. “Through the use of technologies that work like a logistics ‘Google Maps,’ the new functionality reduces unnecessary travel and makes deliveries more efficient,” the statement said.
Financing of the Brics bank
The plan provides for the execution of strategic projects to increase revenues and consolidate Correios’ presence in segments where the company has competitive potential. Measures are also planned to modernize service models and more effectively integrate physical and digital channels.
From 2027, the plan foresees a return on investment following the approval of financing by the New Development Bank (NDB), known as Brics Bank. It is expected to receive approximately 760 million reais per year until 2030.