Correios Asks 7,000 Staff to Leave as Losses Mount
Brazil · BUSINESS Key Facts —The target Correios has opened a new voluntary redundancy programme. Press reports put the target at up to 7,000 departures; the company has published no formal figure. —The deadline Applications close on 30 September. —The last attempt The first round targeted 10,000 and drew about 3,100 — reported as 3,075 […] The post Correios Asks 7,000 Staff to Leave as Losses…
Brazil's postal service Correios has announced a redundancy program asking around 7,000 staff to leave as losses mount. The company opened the program this week with applications closing on September 30, 2026. The previous round aimed at 10,000 employees drew about 3,100 after its deadline was extended to April 7, 2026. The company's preliminary first-half net loss for 2026 is R$5.4 billion (approximately $1.04 billion).
Payroll is the largest controllable line in Correios' logistics business, and the company can make fast changes to this line. The offer comes with severance packages of up to R$459,000 per employee, around $88,700, to make leaving more attractive than staying. The company competes on price with private operators in urban corridors while carrying a universal service obligation to deliver everywhere else.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
