Castro says Cuba’s mass layoffs delayed

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HAVANA – Cuban President Raul Castro has admitted that plans to lay off 500,000 state workers by March are behind schedule and that the process will be delayed to help soften the impact of the cuts, state-run television said on Monday. The layoffs are a centerpiece of his reforms to modernize Cuba’s Soviet-style economy, but the report said Castro told the government’s Council of Ministers that a project “of this magnitude,…

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Castro says Cuba’s mass layoffs delayed

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Posted by on March 1, 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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