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Prime Minister Andrew Holness, has given a preview of the bitter medicine that Jamaicans will have to endure, in order for the country to address its ballooning debt, and salvage its agreement with the International Monetary Fund (IMF).
He did so during an interview on a special edition of TVJ's All Angles on Sunday.
According to Mr. Holness, in order to tackle the public sector wage bill, jobs may be lost.
“It is almost unavoidable that when you start to restructure the public sector separate from divestments but just structuring for efficiency that you may find within that restructuring that you have workers that are redundant in some instances. The challenge for us is to do the restructuring parallel to bringing in new investment,” he said.
The Prime Minister added that the public sector must therefore become more efficient.
“The last thing you want to do is to lose jobs in an environment where you have a global recession and your economy isn’t growing. So we have shifted the discussion to the efficiency. So what we want to do is to raise the productivity of our workers,” Mr. Holness said.
He did so during an interview on a special edition of TVJ's All Angles on Sunday.
According to Mr. Holness, in order to tackle the public sector wage bill, jobs may be lost.
“It is almost unavoidable that when you start to restructure the public sector separate from divestments but just structuring for efficiency that you may find within that restructuring that you have workers that are redundant in some instances. The challenge for us is to do the restructuring parallel to bringing in new investment,” he said.
The Prime Minister added that the public sector must therefore become more efficient.
“The last thing you want to do is to lose jobs in an environment where you have a global recession and your economy isn’t growing. So we have shifted the discussion to the efficiency. So what we want to do is to raise the productivity of our workers,” Mr. Holness said.
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