Cuban Economy - Rotting From Inside

Communist Cuba will shift hundreds of thousands of state employees to the private sector in 2011 as the government prunes more than 500,000 workers from its payroll. The official trade union federation said on Monday that eventually more than a million jobs would be cut. “Job options will be increased and broadened with new forms of non-state employment, among them leasing land, co-operatives and self-employment absorbing hundreds of thousands of workers in the coming years,” the union statement said. According to a document circulating within the higher ranks of the Communist party in preparation for the “reorganisation of the labour force” announced on Monday, 465,000 non-state jobs would be created in 2011, of which some 250,000 would fall under the category of new licences for self-employment. Read more here:

Cuban Economy - Rotting From Inside