Cuba To Lay Off 500,000 State Workers While Growing The Private Sector
Raul Castro promised to cut 1 million jobs over the next five years in August, but surprisingly sped up the process by announcing that more than half of those jobs will be axed in the next six months.
"Our state cannot and should not continue maintaining companies, productive entities and services with inflated payrolls and losses that damage our economy and result counterproductive, create bad habits and distort workers' conduct," the CTC, Cuba's official labor union, said to the government press.
While the government is trying to avoid language signaling growth in the private sector, it seems that replacement jobs for those affected will have to come from outside of the state. Though, there's no announcement on which jobs will be cut, or which parts of the economy the government will allow more private and self employment.
The news is the latest in small but significant developments signaling that Cuba is now more than ever willing to experiment with some characteristics of capitalism.