Tuesday, September 14, 2010

Cuba announces mass layoffs in bid to spur private sector

Cuba announces mass layoffs in bid to spur private sector Reuters
"'We have to erase forever the notion that Cuba is the only country in the world in which people can live without working,' Castro said, upon announcing in general terms his plans to cut state payrolls and increase self employment in an August speech to the National Assembly.

According to Communist party sources who have seen the detailed plan to 'reorganize the labor force,' Cuba expects to issue 250,000 new licenses for self-employment by the close of 2011, almost twice the current number, and create 200,000 other non-state jobs."

Castro smarter than Obama?

Who'd of guessed?

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