Saturday, April 28, 2012

Massive Cuba Layoffs to Continue

Massive Cuba Layoffs to Continue
April 27, 2012

HAVANA TIMES, April 27 — The Cuban government projects to lay off
170,000 workers this year as part of a reorganization plan aimed at
"updating" the island's socio-economic system, according to a news
report on national television on Thursday.

The current process is "more realistic than the one launched last year,"
said outspoken journalist Ariel Terrero, who specializes in economic issues.

He was speaking on his weekly news magazine program "Buenos Dias."

During his report, it was learned that more than 370,000 Cubans have
turned to non-state forms of employment since the beginning of this
drive by the government in October 2010.

It is expected that by the end of the year, that year this figure will
reach 600,000.

Large scale layoffs are a keystone of the government's attempt to rescue
the depressed economy. The only labor union federation, the CTC, fully
supports the layoff program.

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