Monday, September 13, 2010

HUGE - Cuba to cut one million public sector jobs



This is th time for the US to move in to invest in Cuba.

BBC News - Cuba to cut one million public sector jobs: "Cuba has announced radical plans to lay off huge numbers of state employees, to help revive the communist country's struggling economy.
The Cuban labour 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.
It is biggest shift to the private sector since the revolution in 1959.
Cuba's communist government currently controls almost all aspects of the country's economy and employs about 85% of the workforce."

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