A total of 3,075 employees of the Brazilian Postal Service (Correios) have opted for the state-owned company’s 2026 Voluntary Redundancy Plan (PDV). This figure represents 30.7% of the target audience, with the initial projection being that 10,000 professionals would apply for voluntary departure this year.
The deadline for applications ended this Tuesday (8) and will not be extended by the company. With this outcome, the state-owned enterprise projects a savings of approximately R$ 1.4 billion by 2027.
Restructuring Plan
The PDV is one of the initiatives within the Correios’ 2025–2027 Restructuring Plan, aimed at restoring financial sustainability, optimizing the operational network, enhancing the company’s logistical efficiency, and repositioning the state-owned enterprise competitively.
Correios expects that the PDV, along with other measures implemented in the first quarter, will generate additional savings of R$ 508 million annually.
In December of last year, the public company secured a R$ 12 billion loan to finance the restructuring. At the time, the institution projected a reduction of R$ 5 billion in expenses by 2028.
Property Auctions
The restructuring plan includes closing 16% of the company’s branches, which represents about 1,000 of the 6,000 proprietary units nationwide. The state-owned company’s management estimates that the auctions will reduce maintenance costs of idle properties and raise up to R$ 1.5 billion for investment.
In February, Correios conducted its first auction of proprietary properties. The initial offer included 21 properties for immediate sale, located in 11 states.
Postal Crisis
Correios is facing a financial crisis. The company’s financial assessment identified a structural deficit exceeding R$ 4 billion annually, a negative net worth of R$ 10.4 billion, and an accumulated loss of R$ 6.057 billion up to September 2025. There is still no finalized figure regarding the year’s balance.
According to the company’s management, the crisis has persisted since 2016, driven by changes in the postal market due to the digitalization of communications, which replaced letters, reducing the company’s main revenue source. The state-owned enterprise also attributes its financial difficulties to the entry of new competitors in e-commerce as one of the reasons for the current sector crisis.
Structure
Correios operates in 100% of Brazilian municipalities. Currently, the company’s structure includes 10,300 service units, comprising proprietary branches and partnership points. There are also 1,100 distribution and processing units, which are the logistical centers where parcels and letters are processed after posting and before final delivery. The company employs 80,000 direct workers.
The services provided by Correios are diverse, ranging from the delivery of letters and parcels to the simultaneous distribution of Enem exams across the entire territory. Correios is also responsible for delivering electronic voting machines to remote locations during elections, as well as distributing supplies and other items in disaster situations, such as floods.
Source: Agência Brasil.
Original published at O Cafezinho.