Correios approved the new restructuring plan, which establishes immediate actions to maintain postal operations in the country and recover the financial health of the state-owned company.
The proposal organizes the measures that will sustain the continuity, efficiency and quality of services throughout the national territory. Furthermore, it defines a broader integration between communication, logistics and infrastructure.
To guarantee cash in the short term, the company intends to conclude a credit operation that could reach R$20 billion by the end of November. The value is considered essential for the structural transition foreseen in the project.
The document was created after a detailed assessment of the state-owned company’s current business model and financial situation. With the combination of falling revenue and increasing operating expenses, management concluded that it would be necessary to adopt profound changes.
The plan is divided into three stages: financial recovery, consolidation and, finally, growth. Each phase foresees actions aligned with the redesign of operations and the modernization of internal processes.
Over the next 12 months, the state-owned company will apply the resources to initiatives such as a voluntary dismissal program, adjustments to the cost of the health plan and changes to the operational model linked to technology and infrastructure.
The restructuring, according to the company, seeks to create conditions for Correios to regain financial stability and move towards a more competitive and sustainable model in the coming years.
