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Tuesday, September 14, 2010

Cuba to cut 1 million government jobs

Maybe that's what he was suggesting the other day when Castro spoke of the 'system' not working. This is a dramatic change and it definitely represents a new era in Cuban history.

BBC:
The Cuban labor federation said more than a million workers would lose their jobs - half of them by March next year.

Those laid off will be encouraged to become self-employed or join new private enterprises, on which some of the current restrictions will be eased.

Analysts say it is biggest private sector shift since the 1959 revolution.

Cuba's communist government currently controls almost all aspects of the country's economy and employs about 85% of the official workforce, which is put at 5.1 million people.

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