The agreements have been possible due to the loan of R$12 billion obtained with a guarantee from the Union
To dome two Mail positively evaluates the first results of the company’s restructuring planwith the achievement of revenue and expense targets. At the moment, the assessment is that the Measures have served to provide slack to the state-owned company’s cash flow and maintain its liquidity. The expectation, however, is still that there will be a significant loss in 2026, to be reversed only in 2027.
From January until this Friday, 13th, the company saved R$321 million by renegotiating 98.2% of its debts with suppliers and service providers. Through the process, These creditors agree to waive fines and interest to receive the amounts. Part of these payments is still paid in nominal installments, that is, without the addition of corrections.
The negotiation has been possible because of R$12 billion obtained by Correios through a loan with a consortium of banks guaranteed by the Union, signed at the end of 2025.
The state-owned company is trying to restructure itself after the biggest crisis in its historywhich led to a loss of R$6.057 billion from January to September last year. In 2026, the government estimates a primary deficit of R$9.101 billion.
To reinforce liquidity, Correios also managed to pay in installments a total of R$ 1.2 billion in precatório and tax payments. These amounts are not savings in the strict sense, because they still need to be paid, but spreading them over time relieves the company’s cash flow.
In the short term, The expectation is also to boost cash through the sale of properties. Later this month, Correios plans to offer at auction around R$600 million in buildings owned by the company, especially in medium and large cities. The tendency is for between 20% and 40% of the offer to be sold, up to a total of R$120 million. The restructuring plan foresees, in total, the sale of R$1.5 billion in company properties.
The state-owned company also implemented a voluntary dismissal plan (PDV) that aims to dismiss up to 10 thousand employees. In all, 500 have already left the company, and another thousand should be terminated by next Monday (16).
The expectation is that the total target will be reached this yearas actions such as the closure of physical locations also encourage dismissals. Correios has already closed 127 points, compared to a target of a thousand.
The management of Correios analyzes, behind the scenes, that there are three political dimensions to be balanced within the company. That of the government, that of workers and that of society. While the state-owned company has support from the Executive, it has had difficulty convincing its employees that restructuring is a painful process, but necessary for the company’s recovery.
Just with one health plan review of employees, Postal Saúde, the company saved around R$70 million in January. The expectation is that the total savings in 2026 will be between R$500 million and R$700 million.
Internal numbers to which the report had access indicate that there was a jump, already in 2026, from 65% to 91% of deliveries within the promised deadline. The ideal, to increase revenue, is 97%.
To try to gain in service quality, Correios carried out a selection process for superintendents, in addition to imposing savings targets for the units that reach, in total, R$ 1 billion per year.
A way to reward employees for goals achieved is still being studied, but the lack of cash makes it difficult for these incentives to be made in cash, as in other corporations. For now, the objectives help state-owned workers to progress more quickly in their careers.
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