The first phase of the Voluntary Dismissal Plan (PDV) promoted by Correios had the participation of around 2 thousand employees, according to company members. The number is still far from the goal that the leadership wants to achieve this year, of 10 thousand disconnections.
By the end of 2027, voluntary layoffs are expected to reach 15,000. The target foresees an estimated annual savings of R$2.1 billion.
Despite being a partial result, behind the scenes at Correios there is concern about the success of the initiative led by President Emmanoel Rondon. The current plan is open for subscriptions until March 31st. This Monday, the deadline for registrations for employees who want to leave the company on the 16th of this month closed. Subsequent shutdowns are scheduled for April and May.
According to people with knowledge of the matter, the rules of the POS launched this year are very similar to the 2025 design, still under the management of Fabiano Silva dos Santos, in which only 3,600 employees signed up. Compensation caps at R$600,000.
Interlocutors claim that this value limits the interest of employees in higher roles, but recognize that it is the possible design to make the cost of the program worthwhile within the company’s restructuring plan, which seeks to reduce structural expenses.
To try to increase its attractiveness, Correios launched a new health plan for this public, which covers family members. The value is borne by the employees, but hiring is cheaper compared to an individual server budget. Other observers believe that the management’s strategy is to focus on closing units as an incentive for adherence.
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The PDV is one of the initiatives taken by the Correios leadership to try to reverse the company’s record losses. Furthermore, the state-owned company hopes to raise R$1.5 billion through property auctions. The plan also provides for debt regularization, measures to increase operational quality and new partnerships to diversify revenues.
New loan
The initiatives are being funded with a loan of R$12 billion contracted with a group of five banks at the end of last year. The government has already authorized the granting of new credit of up to $8 billion in 2026 with the Union’s approval. As GLOBO showed, the company’s management should begin negotiating with financial institutions this week.
At the end of last year, the company, which is experiencing the worst crisis in its history, managed to close a contract worth R$12 billion with a group of five financial institutions, but the objective of the state-owned company led by Emmanoel Rondon was always to reach R$20 billion in credit to be able to put into practice actions to reverse the company’s losses.
The new Correios loan has already been “pre-approved” by the government, according to a decision by the National Monetary Council (CMN) last week. The collegiate, formed by the Ministers of Finance and Planning and the President of the Central Bank, updated the limit for contracting credit operations by public sector bodies and entities and created a specific sub-limit for Correios operations guaranteed by the Union.
