# BRB Plans Staff Cuts and Privatization Amid Financial Crisis Bank of Brasília eyes workforce reduction and potential sale following governor's re-election. - **Source:** [Folha de S.Paulo](https://www.folha.uol.com.br) - **Published:** 2026-11-06 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/7396b83e-1aad-454a-a126-96656baf09b7 ## Proposed Workforce Reduction The Banco de Brasília is preparing a voluntary severance program targeting approximately 500 employees, representing 15% of its 3,532 permanent staff. This restructuring plan, scheduled to begin in December, aims to address severe financial pressures. The bank currently employs about 6,000 people when including contractors, interns, and commissioned personnel in the total count. ## Eligibility and Historical Context Internal discussions suggest targeting employees aged 38 or older with at least 20 years of service. This initiative would be the largest in the institution's history, surpassing the 2023 program that saw 139 departures. That previous effort, which targeted older staff, successfully reduced annual expenses by approximately 14.4 million Brazilian reais. ## Privatization Back on Radar Following the re-election of Governor Celina Leão, the possibility of privatizing the state-controlled bank has resurfaced. While Leão publicly dismissed these rumors during her campaign, internal discussions regarding a change in shareholding control have intensified. The government currently holds a 53.71% majority stake in the institution, which faces significant capital constraints. ## Liquidity and Capital Challenges The bank has struggled with liquidity issues stemming from operations involving Banco Master. To survive, the institution sold 14 billion reais in assets under president Nelson Antônio de Souza. Despite these efforts, management acknowledges that without a major capital injection from the Distrito Federal government, the bank remains in a precarious financial position. ## Stalled Financial Rescue Plan The government is seeking a loan of up to 6.6 billion reais from the Fundo Garantidor de Créditos. However, the plan is currently stalled as the federal government refuses to act as a guarantor. Governor Leão has petitioned the Supreme Federal Court to pressure the Union, but the process remains unresolved and slow. ## Rumors of Potential Acquisition Reports suggested the Distrito Federal government might be interested in selling the bank to BTG Pactual. However, the financial institution explicitly denied any interest in acquiring BRB or engaging in related negotiations. The governor's office has remained silent regarding these specific claims despite inquiries made by the press throughout the week. ## Employee Protections and Stability The current collective bargaining agreement includes a specific clause providing two years of job stability for employees in the event of privatization. This provision serves as a critical safeguard for the workforce as the bank explores various restructuring options. It remains a central point of concern for labor representatives during these negotiations. ## Future Strategic Outlook The bank is currently exploring partnerships with international investors to replenish its capital reserves. With the federalization option losing momentum after the presidential election, the administration faces a narrow path to solvency. The success of the upcoming severance program and potential capital agreements will determine the bank's viability in the coming year. ## Sources covering this story - https://redir.folha.com.br/redir/online/emcimadahora/rss091/*https://c-level.folha.uol.com.br/financas/2026/11/brb-discute-corte-de-cerca-de-15-dos-funcionarios-em-pdv-e-privatizacao-volta-ao-radar-pos-eleicao.shtml — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._