Cuba plans economic overhaul

Government says planned job cuts are part of designed move to restructure economic model which has previously failed.

    At least half a million Cubans stand to lose their government jobs by early next year, after the Cuban Labour Federation blamed "bloated payrolls" and losses for the economy.

    The state, which employs 85 per cent of the country's workforce, said it will ease restrictions on private enterprise to help those laid off find new jobs.

    The government said the move to restructure Cuba's economy – under state control for 50 years – is designed to raise productivity, and includes a rare acknowledgement that the previous model has failed.

    Al Jazeera's Tom Ackerman reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.