Monday, April 28, 2008

No pay rises

Despite widespread expectations that Raul Castro would mark May Day next week by unveiling wage rises for workers in the health and education sectors, a statement published by the official media overnight said there would be no increases.

Instead, the regime has announced that some pensions will be increased by up to 20 per cent to a maximum of 400 ordinary Cuban pesos a month - or the equivalent of less than USD20.00.

By way of explanation, the statement said wage increases would not be possible across the board because "the country does not have the resources necessary".

"Increases will be granted by sector and priority, always after a rigorous evaluation of the economic and financial conditions," it added, as you can read in this Reuters report.


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