13 September 2010

CUBA: 2ND UPDATE: At Least 500,000 Workers Will Be Laid-Off by Mid-2011.

NEW LINKS WITH DETAILS/ AP/ 15 Sept /
       Cuba will terminate at least half a million state employees by mid-2011 but also reduce restrictions on private enterprise to help them find new jobs.
       During a televised speech, Raul Castro said as many 1 million workers — about one in five — may be redundant. He said layoffs will start immediately and continue through the first half 2011.
      NEW: A 26-page document outlines the government's hopes and fears from this sweeping financial reform.

ALSO NEW, AP's Will Weissert describes the economics of self-employment of a current La Habana sandwich vendor : http://www.google.com/hostednews/ap/article/ALeqM5ipe0no99xWr_oUrAP-q6PnKLj8XgD9I897AO0

For new MIAMI HERALD Analysis:     http://www.miamiherald.com/2010/09/14/v-fullstory/1825330/cubas-economic-overhaul-would.html