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Post Office’s Financial Crisis Forces Restructuring Plan With Billion-Dollar Loans, Cost Cuts, and Voluntary Dismissals by 2027.
The Post Office’s financial crisis reached a critical point at the end of 2025 and led the state-owned company to announce a broad restructuring plan to avoid operational collapse as early as 2026.
The Brazilian Postal and Telegraph Company (EBCT), responsible for national postal service, confirmed it will seek billion-dollar loans with guarantees from the National Treasury, promote large-scale voluntary dismissals, and review its operational structure across the country.
The measures were detailed by the company’s management in a press conference held on December 29, in Brasília, in light of the worsening accumulated deficit.
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Since 2022, the Post Office has recorded 12 consecutive quarters of losses, with losses totaling R$ 4.36 billion just in the first half of last year.
Without immediate intervention, the company itself estimates that the shortfall could reach R$ 26 billion in 2026, a scenario that prompted the adoption of an emergency plan divided into three phases.
Billion-Dollar Loans Mark the First Phase of the Restructuring Plan
The starting point of the Post Office’s restructuring plan is raising funds in the financial market.
In the first stage, expected to last until March, the state-owned company aims to raise R$ 12 billion in billion-dollar loans from major banks.
Of this total, R$ 9 billion is expected to be obtained from Caixa Econômica Federal, Banco do Brasil, and Bradesco, while the remaining R$ 3 billion will be negotiated with Santander and Itaú Unibanco.
The National Treasury will act as a guarantor for the operations, reinforcing the strategic importance of the company for the federal government.
In addition to seeking credit, this phase includes the creation of an internal task force to recover operational efficiency and restore the trust of customers and suppliers, which has been severely shaken by the prolonged financial crisis.
Cost Cuts and Voluntary Dismissals Concentrate the Second Stage
The second phase of the restructuring plan is scheduled for 2026 and 2027 and focuses directly on structural expense reduction.
The goal is to save up to R$ 7.4 billion per year, with an emphasis on the voluntary dismissal of 15,000 employees by the end of 2027.
According to the company, the Voluntary Dismissal Program (PDV) could generate a positive impact of R$ 2.1 billion annually, relieving one of the main pressure points on the company’s finances: labor costs.
Additionally, the phase proposes a review of mid and high salary positions, changes to health and pension plans, and the sale of underutilized properties.
Just the sale of these assets could yield R$ 1.5 billion this year, according to internal estimates.
Closure of Units Should Not Affect Universalization of Service
Another important aspect of the plan involves redesigning the Post Office’s physical network.
The state-owned company is considering closing about 1,000 of the existing 5,000 units, which could generate annual savings of R$ 2.1 billion.
Despite this measure, the management insists that the universalization of postal service will be maintained, ensuring service even in remote areas where private companies do not operate due to lack of economic viability.
Sustainability of the State-Owned Company Depends on New Business Models
<pThus, the third and final phase of the plan aims at the long term and seeks to ensure the sustainability of the state-owned company.
To this end, the Post Office will hire an external consultancy specializing in evaluating new corporate models and forms of partnership with the private sector.
Although the company officially rules out privatization, it admits to studying hybrid models, similar to those adopted by the United States Postal Service (USPS).
During the announcement of the plan, the president of the Post Office, Emmanoel Rondon, emphasized the strategic importance of the state-owned company.
“This plan goes beyond financial recovery.
It reaffirms the Post Office as a strategic asset of the Brazilian state, essential for integrating the national territory”, he stated.
Experts Diverge on Privatization and Viability of the Plan
Labor lawyer José Eduardo Pastore believes the Post Office’s business model is outdated in light of the transformation in the logistics sector.
“The lack of modernization has resulted in an inefficient, expensive, and uncompetitive service”, he assesses.
He argues that without privatization, the company will continue to burden society.
Meanwhile, economist Renan Silva from Ibmec Brasília considers the plan ambitious, but warns of the need for rigorous execution.
“Without investment in technology and innovation, the plan may become merely a stopgap”, he asserts.
Voluntary Dismissal Requires Legal Caution and Union Negotiation
The voluntary dismissal, while essential for cost reduction, requires legal care. Attorney Elisa Alonso reminds that mass layoffs need negotiation with unions to avoid labor liabilities.
Attorney Marco Antônio Allegro reinforces that the rights provided in the CLT must be fully respected.
“Failure to comply with these obligations significantly increases the company’s liabilities”, he warns.
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