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  • #1

    No major job cut

    No major civil service job cuts this year

    2010-01-08 13:23:36 | (0 Comments)
    State Minister in the Finance Ministry, Senator Arthur Williams is seeking to assure that there should be no major public sector job cuts this year.

    His comments come even as the Public sector
    Transformation Unit continues its consultations with stakeholders to determine how to reduce the country’s wage bill and make the civil service more efficient.

    Senator Williams said while the sector will be minimized he does not expect many job losses.

    Senator Williams says a system will be implemented to ensure that public sector workers who are displaced will be able to find other jobs in the civil service.

    However, he admits that such lateral movements will not significantly reduce the countries wage bill.

    However, he said the wage bill’s percentage of the Gross Domestic Product should be reduced thus achieving one of the government’s objectives.


    Source: Gleaner/Power 106 News
    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.
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  • #2
    The question I have is what is in the IMF letter? Did raising the 21 million prevented job cut?

    I read somewhere that the IMF wanted interest rate to go to 8 percent but they settled for a 12-13 percent. Hopefully we can see what is in the agreement and then see the overall picture.

    As for Karl, why you think the IMF want to move from 20% to 8% interest rate?
    • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

    Comment

    • #3
      Originally posted by Assasin View Post
      The question I have is what is in the IMF letter? Did raising the 21 million prevented job cut?

      I read somewhere that the IMF wanted interest rate to go to 8 percent but they settled for a 12-13 percent. Hopefully we can see what is in the agreement and then see the overall picture.

      As for Karl, why you think the IMF want to move from 20% to 8% interest rate?
      The IMF?

      Since when does it...or the people who work there care if we start to eat each other?
      "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

      Comment

      • #4
        Originally posted by Karl View Post
        The IMF?

        Since when does it...or the people who work there care if we start to eat each other?
        List the countries in the Region that have borrowed from the IMF....

        Comment

        • #5
          No them want make sure them get back them money.
          • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

          Comment

          • #6
            Originally posted by Assasin View Post
            No major civil service job cuts this year

            2010-01-08 13:23:36 | (0 Comments)
            State Minister in the Finance Ministry, Senator Arthur Williams is seeking to assure that there should be no major public sector job cuts this year.

            His comments come even as the Public sector
            Transformation Unit continues its consultations with stakeholders to determine how to reduce the country’s wage bill and make the civil service more efficient.

            Senator Williams said while the sector will be minimized he does not expect many job losses.

            Senator Williams says a system will be implemented to ensure that public sector workers who are displaced will be able to find other jobs in the civil service.

            However, he admits that such lateral movements will not significantly reduce the countries wage bill.

            However, he said the wage bill’s percentage of the Gross Domestic Product should be reduced thus achieving one of the government’s objectives.


            Source: Gleaner/Power 106 News
            The world economic woes will not affect us!
            "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

            Comment

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