Correios Reopens Voluntary Exit Program, Seeking 10,000 Cuts in 2026

Overview

• Registration opens next week and runs through March 31, with departures finalized by the end of May 2026.
• Participation is voluntary under set rules: at least 10 years of service, pay in 36 of the past 60 months, and under 75 at the date of exit.
• The program keeps 2025 financial incentives and introduces a Family Health Plan option with regional coverage for employees, former employees, and dependents.
• Correios projects about R$2.1 billion in annual savings from the exits and plans to close 1,000 agencies with a similar financial impact.
• The restructuring follows losses exceeding R$6 billion through September 2025 and a R$12 billion bank loan, with up to 15,000 departures expected by 2027.