http://www.breitbart.com/national-security/2014/12/19/castro-to-pocket-92-of-worker-salaries-from-foreign-companies/
December 19, 2014
*Castro to Pocket 92% of Worker Salaries from Foreign Companies*
Frances Martel
Just one day before President Obama announced sweeping changes that would
allow potential American investment in Cuba, the Cuban government
apparently had begun preparing itself by announcing new measures that would
allow Cubans who work for foreign companies to keep only 8% of their
salaries.
In an official announcement in state newspaper Granma, government officials
announced a system in which employees who work for corporations with
foreign capital will be paid two Cuban Pesos for every Convertible Cuban
Peso (CUC) the corporation actually pays them. The Convertible Peso (CUP)
is almost exclusively for the use of tourists and is of significantly
greater value; one CUC is the equivalent of an American dollar and the
equivalent of 26.5 CUPs. The other 24 CUPs Cuban workers will not receive
amount to 92% of their salaries.
Granma explains:
“The payment will now be agreed to with businesses possessing foreign
capital taking into consideration the salaries issued to workers in jobs of
similar complexity in entities in the same area or sector of our geographic
area, the salary scale that is applied in the country (as a reference
point) and some additional payments for the corresponding law.”
In other words, even if a foreign company has the means to pay more than a
Cuban company, the worker will receive the same salary as if he were
working for a Cuban company, and the government will pocket the rest.
The Havana Times, an online publication dedicated to issues related to
Cuba, notes that Zamira Marín Triana, vice-minister of Labor and Social
Security, described the new laws as offering a “significant increase” for
workers.
In addition to the 92% of salaries being pocketed by the Cuban government,
Cuban government employment offices will charge 20% of the salary of each
worker they connect to the corporation for the service of finding said
corporation employees. Employees will also lose 9.09% of their salaries for
“vacation time.”
The new measures, though enacted hours before the release of USAID worker
Alan Gross and President Obama’s announcement of new trade measures, should
inspire caution in American companies that would like to do work on the
island. American companies would be keeping very little of the money they
invest and earn in business on the island, while lining the pockets of the
communist government. As Raúl Castro noted in his speech, the Cuban
government made no concessions in this recent negotiation with the United
States, save the freedom of Gross and one other American agent whom
President Obama did not name, which leaves it open to sanctioning American
companies who dare attempt to do business on the island as they see fit.
http://www.havanatimes.org/?p=107948
The Havana Times
December 16, 2014
Cuban Gov. to Keep 92% of Worker Salaries
Circles Robinson
HAVANA TIMES — Cubans working for firms with foreign capital on the island
received a bucket of cold water Tuesday when a new resolution published in
the official Gazette fixes their salaries at only 8% of what the joint
venture or foreign companies must pay the government in hard currency for
their services.
The announcement published by Granma daily quotes Vice-minister of Labor
and Social Security, Zamira Marín Triana, as saying the new wage involves a
“significant increase” for workers.
Ever since the government announced in October that prospective employees
of foreign companies at the Mariel Special Development Zone would be
receiving nearly 40% of their real wages before taxes, workers of companies
operating with foreign capital on the rest of the island were expecting to
receive a higher cut of the wage paid by their employers to the State.
It is the custom in Cuba that if a foreign firm wants its employees to be
productive they must pay them an additional amount of hard currency under
the table, since the amount they officially receive after the government
takes the lion’s share is not a living wage.
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