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Latino Daily News

Monday September 13, 2010

Half a Million Cubans to be Laid Off by Government

The Cuban government announced today that it would lay off 500,000 people over the next six months at the same time it allows more private sector jobs to be created.  This announcement is in keeping with President Raul Castro‚Äôs austerity plan to shed one-fifth of all government employees or one million jobs.  With the government controlling over 90 percent of the economy a move to private sector employment is untested and it is unknown how many private sector jobs will be allowed.  It is hoped those jobs will pay more than the average state wage of $20 a month.