No menu items!

State-Owned Companies to Dismiss Over 25,000 Employees

By Richard Mann

RIO DE JANEIRO, BRAZIL - Amidst the federal government's orientation to reduce costs and generate results, state-owned companies should further reduce the number of employees in 2019.

A survey carried out by G1, based on information from the Ministry of Economy and companies, indicates that the number of dismissals could exceed 25,000 this year.

According to Fernando Soares, Secretary of Coordination and Governance of State Enterprises (Sest) of the Ministry of Economy, seven programs from different companies for voluntary resignation (PDVs) or encouraged retirement, have already been approved by the government this year.

The government . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content