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<blockquote data-quote="Babagounj" data-source="post: 1476383" data-attributes="member: 12952"><p><span style="font-size: 22px"><strong>Castro to Pocket 92% of Worker Salaries from Foreign Companies</strong></span></p><p><span style="font-size: 22px"><strong><a href="http://www.granma.cu/cuba/2014-12-15/nuevas-disposiciones-sobre-pago-a-trabajadores-vinculados-con-la-inversion-extranjera" target="_blank">In an official announcement in state newspaper <em>Granma</em></a>, 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 <a href="http://www.tripadvisor.ca/Travel-g147270-c109329/Cuba:Caribbean:Money.Exchange.html" target="_blank">is the equivalent</a> of an American dollar and <a href="http://www.xe.com/currencyconverter/convert/?Amount=1&From=CUC&To=CUP" target="_blank">the equivalent of 26.5 CUPs</a>. The other 24 CUPs Cuban workers will not receive amount to 92% of their salaries.</strong></span></p><p><span style="font-size: 22px"><strong>....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.</strong></span></p><p><span style="font-size: 22px"><strong>Cuban government employment offices <a href="http://www.diariodecuba.com/cuba/1418727397_11843.html" target="_blank">will charge 20% of the salary of each worker</a> 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.”</strong></span></p><p><span style="font-size: 22px"></span></p></blockquote><p></p>
[QUOTE="Babagounj, post: 1476383, member: 12952"] [SIZE=6][B]Castro to Pocket 92% of Worker Salaries from Foreign Companies[/B] [B][URL='http://www.granma.cu/cuba/2014-12-15/nuevas-disposiciones-sobre-pago-a-trabajadores-vinculados-con-la-inversion-extranjera']In an official announcement in state newspaper [I]Granma[/I][/URL], 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 [URL='http://www.tripadvisor.ca/Travel-g147270-c109329/Cuba:Caribbean:Money.Exchange.html']is the equivalent[/URL] of an American dollar and [URL='http://www.xe.com/currencyconverter/convert/?Amount=1&From=CUC&To=CUP']the equivalent of 26.5 CUPs[/URL]. The other 24 CUPs Cuban workers will not receive amount to 92% of their salaries.[/B] [B]....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.[/B] [B]Cuban government employment offices [URL='http://www.diariodecuba.com/cuba/1418727397_11843.html']will charge 20% of the salary of each worker[/URL] 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.”[/B] [B][/B][/SIZE] [/QUOTE]
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