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Cuba move to cut 500,000 government jobs is biggest change in decades

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Former revolutionary leader of Cuba, Fidel Castro, may claim he was misinterpreted by a US reporter last week when he stated that the Cuban model no longer works. But his words were bolstered Monday when Cuban authorities announced the biggest economic shift in decades: Half a million state workers will be laid off by next year and more private enterprise will be tolerated.

The news generated concern across the communist island nation, but also hope that a more liberalized economic policy is in sight.

“It is a very good development toward harnessing the entrepreneurial spirit and know-how of the Cuban people,” says Ted Henken, a professor at Baruch College-CUNY who has studied private enterprise in Cuba. “It will hopefully be a beginning of the end of the Cuban government´s ‘internal embargo’ on the inventiveness of the Cuban people.”

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