State-Owned Companies Must Dismiss Over 25,000 Employees

Written by Paulo Nogueira

Published on 17/05/2019 at 07:46

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Once Symbols Of Stability And A Good Guaranteed Retirement, Major Government State-Owned Companies Like Correios, Petrobras, Infraero, Serpro, And Embrapa Will Need To Lay Off Employees To Save Billions And Reduce Cash Deficit

RIO DE JANEIRO, BRAZIL – Amid the federal government’s guidance to reduce costs and generate results, state-owned companies will need to further cut the number of employees in 2019. A survey conducted by G1, based on information from the Ministry of Economy and companies, indicates that the number of layoffs this year may exceed 25,000.

According to Fernando Soares, Secretary of State-Owned Companies Coordination And Governance (Sest) of the Ministry of Economy, seven voluntary dismissal programs (PDVs) or encouraged retirement from different companies have already been approved by the government this year.

The government estimates a total of 21,500 layoffs throughout the year just with these seven programs, which could generate a payroll saving of approximately R$ 2.3 billion per year.

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State-Owned Companies Must Dismiss Over 25,000 Employees

Once Symbols Of Stability And A Good Guaranteed Retirement, Major Government State-Owned Companies Like Correios, Petrobras, Infraero, Serpro, And Embrapa Will Need To Lay Off Employees To Save Billions And Reduce Cash Deficit

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State-Owned Companies Must Dismiss Over 25,000 Employees

Once Symbols Of Stability And A Good Guaranteed Retirement, Major Government State-Owned Companies Like Correios, Petrobras, Infraero, Serpro, And Embrapa Will Need To Lay Off Employees To Save Billions And Reduce Cash Deficit

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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The São Paulo government opens 1,700 spots in free courses in the capital and Greater São Paulo, with classes starting on April 27 and registrations available in person or online for areas with high demand in the job market.