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3h ago

TST Orders Correios Back to Work, Grants 5.1% Raise as R$10 Billion Rescue Lands

State guarantees unlocked the first R$10 billion of a larger loan, giving Correios cash to start a deep overhaul.

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TST decide que greve dos Correios não é abusiva e concede reajuste, mas dias parados serão descontados dos funcionários.

Overview

  • The labor court deemed the two‑week strike legal yet mandated an immediate return to duties and kept the 80% minimum staffing rule in place.
  • Employees will receive a 5.1% pay increase retroactive to August 1, with key contract provisions preserved, including a 70% vacation premium and 200% overtime pay.
  • Days not worked will be deducted in three equal monthly installments calculated individually for each worker, with the option for company‑set compensation rules.
  • Correios confirmed receipt of R$10 billion from a R$12 billion facility guaranteed by the federal government, with a three‑year grace period and repayments starting in 2029 at 115% of the CDI.
  • The company outlined closures of roughly 1,000 branches and a voluntary dismissal program of up to 15,000 positions, as regional unions voted to end the strike and services began to resume on December 31.