{"id":9960363421,"date":"2025-12-27T16:22:57","date_gmt":"2025-12-27T19:22:57","guid":{"rendered":"https:\/\/www.arkaonline.com.br\/blog\/?p=9960363421"},"modified":"2025-12-27T16:22:57","modified_gmt":"2025-12-27T19:22:57","slug":"correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar","status":"publish","type":"post","link":"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/","title":{"rendered":"Correios no Vermelho: Empr\u00e9stimo Milion\u00e1rio, Rombo Bilion\u00e1rio e um Modelo de Gest\u00e3o que Insiste em Falhar"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 5 minutos<\/small><\/p> <div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u00cdndice<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabela de conte\u00fado\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #333333;color:#333333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #333333;color:#333333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#Os_Correios_recebem_emprestimo_de_R_12_milhoes_mas_enfrentam_rombo_bilionario_e_ma_gestao_cronica_Entenda_a_crise_da_estatal_da_queda_de_lucros_a_concorrencia\" >Os Correios recebem empr\u00e9stimo de R$ 12 milh\u00f5es, mas enfrentam rombo bilion\u00e1rio e m\u00e1 gest\u00e3o cr\u00f4nica. Entenda a crise da estatal, da queda de lucros \u00e0 concorr\u00eancia.<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#De_lucro_recorde_ao_colapso_financeiro_em_poucos_anos\" >De lucro recorde ao colapso financeiro em poucos anos<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#Emprestimo_nao_resolve_ineficiencia_estrutural\" >Empr\u00e9stimo n\u00e3o resolve inefici\u00eancia estrutural<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#Concorrencia_venceu_%E2%80%94_e_os_Correios_assistiram\" >Concorr\u00eancia venceu \u2014 e os Correios assistiram<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#O_colapso_dos_servicos_tradicionais_era_previsivel\" >O colapso dos servi\u00e7os tradicionais era previs\u00edvel<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#Politicas_publicas_que_agravaram_o_rombo\" >Pol\u00edticas p\u00fablicas que agravaram o rombo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#Despesas_judiciais_e_o_peso_da_ineficiencia\" >Despesas judiciais e o peso da inefici\u00eancia<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#O_fantasma_do_Postalis_um_rombo_que_nunca_desapareceu\" >O fantasma do Postalis: um rombo que nunca desapareceu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.arkaonline.com.br\/blog\/correios-no-vermelho-emprestimo-milionario-rombo-bilionario-e-um-modelo-de-gestao-que-insiste-em-falhar\/#A_pergunta_que_fica_ate_quando\" >A pergunta que fica: at\u00e9 quando?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 data-start=\"42\" data-end=\"149\"><span class=\"ez-toc-section\" id=\"Os_Correios_recebem_emprestimo_de_R_12_milhoes_mas_enfrentam_rombo_bilionario_e_ma_gestao_cronica_Entenda_a_crise_da_estatal_da_queda_de_lucros_a_concorrencia\"><\/span>Os Correios recebem empr\u00e9stimo de R$ 12 milh\u00f5es, mas enfrentam rombo bilion\u00e1rio e m\u00e1 gest\u00e3o cr\u00f4nica. Entenda a crise da estatal, da queda de lucros \u00e0 concorr\u00eancia.<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p data-start=\"151\" data-end=\"572\">O governo federal oficializou, por meio do Di\u00e1rio Oficial, um <strong data-start=\"213\" data-end=\"244\">empr\u00e9stimo de R$ 12 milh\u00f5es<\/strong> concedido aos <a href=\"https:\/\/www.correios.com.br\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong data-start=\"259\" data-end=\"300\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Correios<\/span><\/span><\/strong><\/a>, em uma opera\u00e7\u00e3o fechada com um cons\u00f3rcio formado por <strong data-start=\"355\" data-end=\"396\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Caixa Econ\u00f4mica Federal<\/span><\/span><\/strong>, <strong data-start=\"398\" data-end=\"439\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Banco do Brasil<\/span><\/span><\/strong>, <strong data-start=\"441\" data-end=\"482\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Bradesco<\/span><\/span><\/strong>, <strong data-start=\"484\" data-end=\"525\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Ita\u00fa<\/span><\/span><\/strong> e <strong data-start=\"528\" data-end=\"569\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Santander<\/span><\/span><\/strong>.<\/p>\n<p data-start=\"574\" data-end=\"749\">O contrato tem prazo de <strong data-start=\"598\" data-end=\"609\">15 anos<\/strong>, juros <strong data-start=\"617\" data-end=\"637\">pr\u00f3ximos \u00e0 Selic<\/strong> e destina\u00e7\u00e3o gen\u00e9rica: <strong data-start=\"661\" data-end=\"746\">capital de giro, investimentos estrat\u00e9gicos e despesas do plano de reestrutura\u00e7\u00e3o<\/strong>.<\/p>\n<p data-start=\"751\" data-end=\"1095\">\u00c0 primeira vista, o valor pode parecer modesto. Mas o contexto \u00e9 devastador: os Correios <strong data-start=\"840\" data-end=\"916\">acumulam preju\u00edzos superiores a R$ 6 bilh\u00f5es apenas at\u00e9 setembro de 2025<\/strong>, com <strong data-start=\"922\" data-end=\"977\">proje\u00e7\u00e3o de chegar a R$ 10 bilh\u00f5es at\u00e9 o fim do ano<\/strong>. Diante disso, a pergunta inevit\u00e1vel surge: <strong data-start=\"1022\" data-end=\"1095\">o problema dos Correios \u00e9 falta de cr\u00e9dito \u2014 ou excesso de m\u00e1 gest\u00e3o?<\/strong><\/p>\n<hr data-start=\"1097\" data-end=\"1100\" \/>\n<h2 data-start=\"1102\" data-end=\"1158\"><span class=\"ez-toc-section\" id=\"De_lucro_recorde_ao_colapso_financeiro_em_poucos_anos\"><\/span>De lucro recorde ao colapso financeiro em poucos anos<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1160\" data-end=\"1243\">O hist\u00f3rico recente da estatal revela uma trajet\u00f3ria que beira o absurdo gerencial:<\/p>\n<ul data-start=\"1245\" data-end=\"1643\">\n<li data-start=\"1245\" data-end=\"1286\">\n<p data-start=\"1247\" data-end=\"1286\"><strong data-start=\"1247\" data-end=\"1255\">2020<\/strong>: lucro de <strong data-start=\"1266\" data-end=\"1284\">R$ 1,53 bilh\u00e3o<\/strong><\/p>\n<\/li>\n<li data-start=\"1287\" data-end=\"1336\">\n<p data-start=\"1289\" data-end=\"1336\"><strong data-start=\"1289\" data-end=\"1297\">2021<\/strong>: lucro recorde de <strong data-start=\"1316\" data-end=\"1334\">R$ 3,7 bilh\u00f5es<\/strong><\/p>\n<\/li>\n<li data-start=\"1337\" data-end=\"1381\">\n<p data-start=\"1339\" data-end=\"1381\"><strong data-start=\"1339\" data-end=\"1347\">2022<\/strong>: preju\u00edzo de <strong data-start=\"1361\" data-end=\"1379\">R$ 809 milh\u00f5es<\/strong><\/p>\n<\/li>\n<li data-start=\"1382\" data-end=\"1428\">\n<p data-start=\"1384\" data-end=\"1428\"><strong data-start=\"1384\" data-end=\"1392\">2023<\/strong>: preju\u00edzo de <strong data-start=\"1406\" data-end=\"1426\">R$ 596,6 milh\u00f5es<\/strong><\/p>\n<\/li>\n<li data-start=\"1429\" data-end=\"1513\">\n<p data-start=\"1431\" data-end=\"1513\"><strong data-start=\"1431\" data-end=\"1439\">2024<\/strong>: preju\u00edzo de <strong data-start=\"1453\" data-end=\"1471\">R$ 2,6 bilh\u00f5es<\/strong> (quatro vezes maior que o ano anterior)<\/p>\n<\/li>\n<li data-start=\"1514\" data-end=\"1643\">\n<p data-start=\"1516\" data-end=\"1643\"><strong data-start=\"1516\" data-end=\"1524\">2025<\/strong>: preju\u00edzo acumulado de <strong data-start=\"1548\" data-end=\"1577\">R$ 6 bilh\u00f5es at\u00e9 setembro<\/strong>, com risco real de <strong data-start=\"1597\" data-end=\"1614\">R$ 10 bilh\u00f5es<\/strong> no fechamento do exerc\u00edcio<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1645\" data-end=\"1860\">Em apenas quatro anos, os Correios passaram de uma empresa lucrativa para uma estatal em <strong data-start=\"1734\" data-end=\"1772\">estado pr\u00e9-insolv\u00eancia operacional<\/strong>. Nenhuma companhia privada sobreviveria a esse ciclo sem uma mudan\u00e7a radical de gest\u00e3o.<\/p>\n<hr data-start=\"1862\" data-end=\"1865\" \/>\n<h2 data-start=\"1867\" data-end=\"1916\"><span class=\"ez-toc-section\" id=\"Emprestimo_nao_resolve_ineficiencia_estrutural\"><\/span>Empr\u00e9stimo n\u00e3o resolve inefici\u00eancia estrutural<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1918\" data-end=\"2117\">O discurso oficial tenta vender o empr\u00e9stimo como instrumento de \u201creestrutura\u00e7\u00e3o\u201d. Na pr\u00e1tica, ele funciona como <strong data-start=\"2031\" data-end=\"2056\">analg\u00e9sico financeiro<\/strong>: alivia momentaneamente o caixa, mas <strong data-start=\"2094\" data-end=\"2116\">n\u00e3o trata a doen\u00e7a<\/strong>.<\/p>\n<p data-start=\"2119\" data-end=\"2141\">A empresa j\u00e1 anunciou:<\/p>\n<ul data-start=\"2142\" data-end=\"2266\">\n<li data-start=\"2142\" data-end=\"2182\">\n<p data-start=\"2144\" data-end=\"2182\"><strong data-start=\"2144\" data-end=\"2179\">Programa de demiss\u00e3o volunt\u00e1ria<\/strong>,<\/p>\n<\/li>\n<li data-start=\"2183\" data-end=\"2214\">\n<p data-start=\"2185\" data-end=\"2214\"><strong data-start=\"2185\" data-end=\"2211\">Fechamento de ag\u00eancias<\/strong>,<\/p>\n<\/li>\n<li data-start=\"2215\" data-end=\"2266\">\n<p data-start=\"2217\" data-end=\"2266\"><strong data-start=\"2217\" data-end=\"2237\">Venda de im\u00f3veis<\/strong> para \u201cequilibrar as contas\u201d.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2268\" data-end=\"2457\">Ou seja, o ajuste recai novamente sobre <strong data-start=\"2308\" data-end=\"2364\">trabalhadores, estrutura f\u00edsica e patrim\u00f4nio p\u00fablico<\/strong>, enquanto as decis\u00f5es estrat\u00e9gicas que levaram ao colapso permanecem praticamente intocadas.<\/p>\n<hr data-start=\"2459\" data-end=\"2462\" \/>\n<h2 data-start=\"2464\" data-end=\"2513\"><span class=\"ez-toc-section\" id=\"Concorrencia_venceu_%E2%80%94_e_os_Correios_assistiram\"><\/span>Concorr\u00eancia venceu \u2014 e os Correios assistiram<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2515\" data-end=\"2675\">Durante d\u00e9cadas, os Correios dominaram o mercado de encomendas, chegando a deter <strong data-start=\"2596\" data-end=\"2621\">cerca de 50% do setor<\/strong>. Hoje, esse n\u00famero caiu para <strong data-start=\"2651\" data-end=\"2674\">aproximadamente 25%<\/strong>.<\/p>\n<p data-start=\"2677\" data-end=\"2696\">O motivo \u00e9 claro:<\/p>\n<ul data-start=\"2697\" data-end=\"2942\">\n<li data-start=\"2697\" data-end=\"2737\">\n<p data-start=\"2699\" data-end=\"2737\">Falta de investimento em tecnologia,<\/p>\n<\/li>\n<li data-start=\"2738\" data-end=\"2765\">\n<p data-start=\"2740\" data-end=\"2765\">Log\u00edstica ultrapassada,<\/p>\n<\/li>\n<li data-start=\"2766\" data-end=\"2795\">\n<p data-start=\"2768\" data-end=\"2795\">Pouca integra\u00e7\u00e3o digital,<\/p>\n<\/li>\n<li data-start=\"2796\" data-end=\"2942\">\n<p data-start=\"2798\" data-end=\"2942\">Incapacidade de competir com ecossistemas eficientes como <strong data-start=\"2856\" data-end=\"2897\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Amazon<\/span><\/span><\/strong> e <strong data-start=\"2900\" data-end=\"2941\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Mercado Livre<\/span><\/span><\/strong>.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2944\" data-end=\"3120\">Enquanto o mercado evoluiu para entregas r\u00e1pidas, rastre\u00e1veis e integradas a marketplaces, os Correios permaneceram presos a um <strong data-start=\"3072\" data-end=\"3119\">modelo estatal lento, caro e pouco inovador<\/strong>.<\/p>\n<hr data-start=\"3122\" data-end=\"3125\" \/>\n<h2 data-start=\"3127\" data-end=\"3180\"><span class=\"ez-toc-section\" id=\"O_colapso_dos_servicos_tradicionais_era_previsivel\"><\/span>O colapso dos servi\u00e7os tradicionais era previs\u00edvel<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3182\" data-end=\"3274\">Outro erro cl\u00e1ssico de gest\u00e3o foi insistir em receitas que claramente estavam em decl\u00ednio.<\/p>\n<p data-start=\"3276\" data-end=\"3287\">O envio de:<\/p>\n<ul data-start=\"3288\" data-end=\"3340\">\n<li data-start=\"3288\" data-end=\"3299\">\n<p data-start=\"3290\" data-end=\"3299\">cartas,<\/p>\n<\/li>\n<li data-start=\"3300\" data-end=\"3315\">\n<p data-start=\"3302\" data-end=\"3315\">telegramas,<\/p>\n<\/li>\n<li data-start=\"3316\" data-end=\"3340\">\n<p data-start=\"3318\" data-end=\"3340\">comunica\u00e7\u00f5es f\u00edsicas<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3342\" data-end=\"3586\">despencou com a digitaliza\u00e7\u00e3o da sociedade. E-mails, aplicativos e plataformas digitais substitu\u00edram esses servi\u00e7os. Ainda assim, os Correios <strong data-start=\"3484\" data-end=\"3537\">demoraram anos para adaptar seu modelo de neg\u00f3cio<\/strong>, apostando em um mercado que j\u00e1 estava morrendo.<\/p>\n<hr data-start=\"3588\" data-end=\"3591\" \/>\n<h2 data-start=\"3593\" data-end=\"3636\"><span class=\"ez-toc-section\" id=\"Politicas_publicas_que_agravaram_o_rombo\"><\/span>Pol\u00edticas p\u00fablicas que agravaram o rombo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3638\" data-end=\"3780\">A estatal tamb\u00e9m sentiu fortemente os efeitos do programa <strong data-start=\"3696\" data-end=\"3716\">Remessa Conforme<\/strong>, que passou a taxar compras internacionais de at\u00e9 <strong data-start=\"3767\" data-end=\"3777\">US$ 50<\/strong>.<\/p>\n<p data-start=\"3782\" data-end=\"3807\">O resultado foi imediato:<\/p>\n<ul data-start=\"3808\" data-end=\"3960\">\n<li data-start=\"3808\" data-end=\"3843\">\n<p data-start=\"3810\" data-end=\"3843\">queda no volume de importa\u00e7\u00f5es,<\/p>\n<\/li>\n<li data-start=\"3844\" data-end=\"3894\">\n<p data-start=\"3846\" data-end=\"3894\">redu\u00e7\u00e3o dr\u00e1stica de encomendas internacionais,<\/p>\n<\/li>\n<li data-start=\"3895\" data-end=\"3960\">\n<p data-start=\"3897\" data-end=\"3960\"><strong data-start=\"3897\" data-end=\"3959\">perda estimada de R$ 2,2 bilh\u00f5es em receita apenas em 2024<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3962\" data-end=\"4065\">Mais uma vez, a empresa n\u00e3o conseguiu se antecipar nem se adaptar a uma mudan\u00e7a regulat\u00f3ria previs\u00edvel.<\/p>\n<hr data-start=\"4067\" data-end=\"4070\" \/>\n<h2 data-start=\"4072\" data-end=\"4118\"><span class=\"ez-toc-section\" id=\"Despesas_judiciais_e_o_peso_da_ineficiencia\"><\/span>Despesas judiciais e o peso da inefici\u00eancia<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4120\" data-end=\"4172\">Al\u00e9m da queda de receitas, os Correios convivem com:<\/p>\n<ul data-start=\"4173\" data-end=\"4330\">\n<li data-start=\"4173\" data-end=\"4242\">\n<p data-start=\"4175\" data-end=\"4242\"><strong data-start=\"4175\" data-end=\"4239\">aumento expressivo de provis\u00f5es para conting\u00eancias judiciais<\/strong>,<\/p>\n<\/li>\n<li data-start=\"4243\" data-end=\"4281\">\n<p data-start=\"4245\" data-end=\"4281\"><strong data-start=\"4245\" data-end=\"4278\">custos elevados de transporte<\/strong>,<\/p>\n<\/li>\n<li data-start=\"4282\" data-end=\"4309\">\n<p data-start=\"4284\" data-end=\"4309\">contratos ineficientes,<\/p>\n<\/li>\n<li data-start=\"4310\" data-end=\"4330\">\n<p data-start=\"4312\" data-end=\"4330\">estrutura inchada.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4332\" data-end=\"4460\">Tudo isso comp\u00f5e um cen\u00e1rio em que o preju\u00edzo n\u00e3o \u00e9 fruto do acaso, mas de <strong data-start=\"4407\" data-end=\"4459\">decis\u00f5es gerenciais sistematicamente equivocadas<\/strong>.<\/p>\n<hr data-start=\"4462\" data-end=\"4465\" \/>\n<h2 data-start=\"4467\" data-end=\"4524\"><span class=\"ez-toc-section\" id=\"O_fantasma_do_Postalis_um_rombo_que_nunca_desapareceu\"><\/span>O fantasma do Postalis: um rombo que nunca desapareceu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"4526\" data-end=\"4721\">A crise dos Correios n\u00e3o pode ser analisada sem mencionar o <strong data-start=\"4586\" data-end=\"4627\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Postalis<\/span><\/span><\/strong>, fundo de previd\u00eancia complementar criado em <strong data-start=\"4673\" data-end=\"4681\">1981<\/strong> para proteger os empregados da estatal.<\/p>\n<p data-start=\"4723\" data-end=\"4787\">Entre <strong data-start=\"4729\" data-end=\"4744\">2011 e 2016<\/strong>, o Postalis tornou-se s\u00edmbolo nacional de:<\/p>\n<ul data-start=\"4788\" data-end=\"4855\">\n<li data-start=\"4788\" data-end=\"4802\">\n<p data-start=\"4790\" data-end=\"4802\">m\u00e1 gest\u00e3o,<\/p>\n<\/li>\n<li data-start=\"4803\" data-end=\"4832\">\n<p data-start=\"4805\" data-end=\"4832\">investimentos temer\u00e1rios,<\/p>\n<\/li>\n<li data-start=\"4833\" data-end=\"4855\">\n<p data-start=\"4835\" data-end=\"4855\">falta de governan\u00e7a.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"4857\" data-end=\"5070\">Foram adquiridos t\u00edtulos de alto risco, inclusive ligados a <strong data-start=\"4917\" data-end=\"4942\">Venezuela e Argentina<\/strong>, gerando um <strong data-start=\"4955\" data-end=\"4975\">rombo bilion\u00e1rio<\/strong>. O caso foi alvo da <strong data-start=\"4996\" data-end=\"5039\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Opera\u00e7\u00e3o Greenfield<\/span><\/span><\/strong> e da CPI dos Fundos de Pens\u00e3o.<\/p>\n<p data-start=\"5072\" data-end=\"5152\">Em <strong data-start=\"5075\" data-end=\"5083\">2017<\/strong>, houve interven\u00e7\u00e3o da <strong data-start=\"5106\" data-end=\"5149\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Previc<\/span><\/span><\/strong>.<\/p>\n<p data-start=\"5154\" data-end=\"5340\">E, em <strong data-start=\"5160\" data-end=\"5168\">2024<\/strong>, os Correios foram obrigados a aportar <strong data-start=\"5208\" data-end=\"5226\">R$ 7,6 bilh\u00f5es<\/strong> para evitar a insolv\u00eancia do fundo. A outra metade do preju\u00edzo foi empurrada para os pr\u00f3prios trabalhadores, com:<\/p>\n<ul data-start=\"5341\" data-end=\"5466\">\n<li data-start=\"5341\" data-end=\"5388\">\n<p data-start=\"5343\" data-end=\"5388\">descontos de at\u00e9 <strong data-start=\"5360\" data-end=\"5367\">23%<\/strong> nos contracheques,<\/p>\n<\/li>\n<li data-start=\"5389\" data-end=\"5415\">\n<p data-start=\"5391\" data-end=\"5415\">redu\u00e7\u00e3o de benef\u00edcios,<\/p>\n<\/li>\n<li data-start=\"5416\" data-end=\"5466\">\n<p data-start=\"5418\" data-end=\"5466\">impacto em aposentadorias, pens\u00f5es e at\u00e9 no 13\u00ba.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5468\" data-end=\"5572\">\u00c9 o retrato de um sistema onde <strong data-start=\"5499\" data-end=\"5548\">o erro da gest\u00e3o nunca \u00e9 pago por quem decide<\/strong>, mas por quem trabalha.<\/p>\n<hr data-start=\"5574\" data-end=\"5577\" \/>\n<h2 data-start=\"5579\" data-end=\"5614\"><span class=\"ez-toc-section\" id=\"A_pergunta_que_fica_ate_quando\"><\/span>A pergunta que fica: at\u00e9 quando?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"5616\" data-end=\"5710\">O empr\u00e9stimo de R$ 12 milh\u00f5es n\u00e3o muda o essencial. Ele apenas adia o inevit\u00e1vel debate sobre:<\/p>\n<ul data-start=\"5711\" data-end=\"5822\">\n<li data-start=\"5711\" data-end=\"5726\">\n<p data-start=\"5713\" data-end=\"5726\">governan\u00e7a,<\/p>\n<\/li>\n<li data-start=\"5727\" data-end=\"5760\">\n<p data-start=\"5729\" data-end=\"5760\">profissionaliza\u00e7\u00e3o da gest\u00e3o,<\/p>\n<\/li>\n<li data-start=\"5761\" data-end=\"5783\">\n<p data-start=\"5763\" data-end=\"5783\">modelo de neg\u00f3cio,<\/p>\n<\/li>\n<li data-start=\"5784\" data-end=\"5822\">\n<p data-start=\"5786\" data-end=\"5822\">responsabilidade por decis\u00f5es ruins.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"5824\" data-end=\"5980\">Sem reformas profundas, os Correios continuar\u00e3o presos a um ciclo perverso: <strong data-start=\"5900\" data-end=\"5961\">preju\u00edzo, socorro estatal, corte de direitos, nova d\u00edvida<\/strong> \u2014 e tudo recome\u00e7a.<\/p>\n<p data-start=\"5982\" data-end=\"6082\" data-is-last-node=\"\" data-is-only-node=\"\">O problema n\u00e3o \u00e9 falta de dinheiro.<br data-start=\"6017\" data-end=\"6020\" \/>\u00c9 <strong data-start=\"6022\" data-end=\"6081\">excesso de erros que ningu\u00e9m parece disposto a corrigir<\/strong>.<\/p>\n<p data-start=\"5982\" data-end=\"6082\" data-is-last-node=\"\" data-is-only-node=\"\">Leia:\u00a0<a href=\"https:\/\/www.arkaonline.com.br\/blog\/stf-em-2025-entenda-as-novas-regras-revolucionarias-para-planos-de-saude-e-aviacao-que-redefinem-os-direitos-do-consumidor-no-brasil\/\" rel=\"bookmark\">STF em 2025: Entenda as Novas Regras Revolucion\u00e1rias para Planos de Sa\u00fade e Avia\u00e7\u00e3o que Redefinem os Direitos do Consumidor no Brasil!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Os Correios recebem empr\u00e9stimo de R$ 12 milh\u00f5es, mas enfrentam rombo bilion\u00e1rio e m\u00e1 gest\u00e3o cr\u00f4nica. Entenda a crise da estatal, da queda de lucros \u00e0 concorr\u00eancia.<\/p>\n","protected":false},"author":8,"featured_media":9960363423,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_mbp_gutenberg_autopost":false,"maa_idioma":"","maa_pais":"","footnotes":""},"categories":[933],"tags":[],"class_list":["entry","author-arka-online-blog","has-excerpt","post-9960363421","post","type-post","status-publish","format-standard","has-post-thumbnail","category-noticias"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/posts\/9960363421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/comments?post=9960363421"}],"version-history":[{"count":1,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/posts\/9960363421\/revisions"}],"predecessor-version":[{"id":9960363424,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/posts\/9960363421\/revisions\/9960363424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/media\/9960363423"}],"wp:attachment":[{"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/media?parent=9960363421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/categories?post=9960363421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arkaonline.com.br\/blog\/wp-json\/wp\/v2\/tags?post=9960363421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}