Brazil’s Correios Pauses Its Rescue Plan After Workers Threaten Strike

Economy Key Facts —The retreat. Correios paused agency closures and other cost cuts until July 31 after unions threatened to strike on July 7. —The paused items. On hold are new branch closures, the removal of a R$500 ($97) public-service bonus, and a new delivery-mapping system. —The plan. The full scheme aimed to shut about…