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Cubans fret as massive job cuts get under way
AFP ^ | Jan 7, 2011

Posted on 01/07/2011 5:28:26 PM PST by george76

Like thousands of other Cubans, Leticia's worries began in October when President Raul Castro announced a series of economic reforms to bring the communist regime up to date.

Pivotal to the changes is cutting more than a million government jobs, or 20 percent of Cuba's entire work force, over the next three years -- including 22,000 jobs in the health sector. Castro said 500,000 jobs would have to go by March 31 of this year.

The first culling of so-called "bloated payrolls" dragging down the Cuban economy began Tuesday in the sugar, farming, construction, health and tourism sectors, as announced by Salvador Valdes, the head of Cuba's only labor union CTC.

...

As part of the economic reforms the Cuban Communist Party Congress will debate in April, Castro also announced a significant growth of the private sector; the government plans to issue some 180 licenses for small- and medium-sized businesses.

If all goes well, the government by 2015 hopes 50 percent of the country's five million-strong work force will have shifted to the private sector, compared to 824,000 at present.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Cuba; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: castro; cuba; cubans; raulcastro; socialism

1 posted on 01/07/2011 5:28:26 PM PST by george76
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To: george76

It took Cuba a bit over 50 years to figure out that socialism doesn’t work. I wonder how long it’ll take the U.S.A.?


2 posted on 01/07/2011 5:33:32 PM PST by Bernard Marx
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To: george76

Maybe they can get on rafts to Venezuela?


3 posted on 01/07/2011 5:41:00 PM PST by battlecry
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To: george76

Time for one of those “ Viva La Revolución” moments.


4 posted on 01/07/2011 5:42:28 PM PST by doc1019 (Martyrdom is a great thing, until it is your turn.)
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To: george76

Cutting from the top down would be the best way to solve ALL the problems in Cuba! Abajo Fidel!


5 posted on 01/07/2011 6:29:41 PM PST by WellyP
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To: Bernard Marx
"Castro said 500,000 jobs would have to go by March 31 of this year."

Lets see, considering what the average Cuban is paid, This will save the island about 5 million dollars.

6 posted on 01/07/2011 7:40:55 PM PST by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: george76

Castro is a billionaire.

Why doesn’t he redistribute some of his wealth for la revolucion?


7 posted on 01/08/2011 3:30:58 PM PST by bayouranger (The 1st victim of islam is the person who practices the lie.)
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