By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The president of Caixa Econômica Federal, Gilberto Occhi, announced that the process of joining the bank's employee Voluntary Dismissal Plan (PDV) will open today (February 7th). Occhi said the goal is to reach a maximum of 10,000 employees enrolled, out of the 30,000 who currently work at the company.

The estimated savings for 2018 is R$1.8 billion according to the bank. Occhi spoke to the press after attending a ceremony at the Planalto Palace where changes were announced in the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here