Cuba announces mass layoffs in bid to spur private sector

[cory777]

Source: Reuters

HAVANA (Reuters) - Cuba will lay off more than 500,000 state employees by March and expand private employment to give them work in the biggest shift to the private sector since the 1960s, the Cuban Workers Federation said on Monday.

Eventually more than a million jobs would be cut and, due to efforts to increase efficiency in the state sector, there would be few new state sector openings, the federation said in a statement.

More than 85 percent of the Cuban labor force, or over 5 million people, works for the Soviet-styled one-party state, many of them in unproductive work.

"Our state cannot and should not continue maintaining companies, productive entities, services and budgeted sectors with bloated payrolls (and) losses that hurt the economy," the statement said.

Read more: http://ca.news.yahoo.com/s/reuters/100914/world/international_us_cuba_reform

---

http://activistnews.blogspot.com ------- http://quotestochangetheworld.blogspot.com

[liberal N proud]

1. Communism Fail

[denverbill]

2. Perhaps, but none of those 500000 will lose their homes or their health care.

Unlike in good old Libertarian America.

[dipsydoodle]

3. ditto

:thumbsup:

[bherrera]

5. Do they own their homes?

I believe in Cuba there is no private ownership of property, nor a land registry.

[louis-t]

4. Gonna be a lot of boot-strap pulling in Cuba.

:eyes:

[dipsydoodle]

6. Duplicate LBN from yesterday

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=4538645

[whoneedstickets]

7. Time to lift sanctions, they've finally adopted the US stimulus program...

..layoffs to promote private sector growth...