Carribean Elections Today
"Job Cuts and Cutbacks for Barbados"
Written by: Carribean Elections Today
Published: 13 December 2013 Accessed: 16 January 2014
Click here to read this article
Brief Summary of the Article:
Finance Minister, Chris Sinckler announces cost saving measures that will result in approximately 3,000 public sector employees losing their jobs. 3,000 public servants, both from central government and statutory corporations will be going home next year in two tranches. Sinckler also said that high
ranking government officials will taking a pay cut. All Ministries have been instructed to cut travel budgets by 50 per cent immediately. In 2014, from the government’s side, we are set to initiate a set of major public sector investments either directly on our own or in PPP (Public Private sector Partnership) arrangements.
Thoughts, Comments, and/or Reaction:
The job cuts and cutbacks in Barbados are set into place in order to save money and a $143 million gap. People losing their jobs is never good yet it is necessary for the economy of Barbados. Government is there to take care of the country/place. Minister of Finance finds this decision tough and wouldn't want to take any measures to effect a persons financial and social livelihood, yet he is there to protect the economy of his country.
Article's Relation to "Politics"
This article is related to politics because it deals with the economy and government of Barbados. It shows how a government decision can effect the lives of many people. Pay cuts are occurring within government settings. The decision made by the Minster of Fiance effects government officials too.
These job cuts could cause the economy to plummet.
"Job Cuts and Cutbacks for Barbados"
Written by: Carribean Elections Today
Published: 13 December 2013 Accessed: 16 January 2014
Click here to read this article
Brief Summary of the Article:
Finance Minister, Chris Sinckler announces cost saving measures that will result in approximately 3,000 public sector employees losing their jobs. 3,000 public servants, both from central government and statutory corporations will be going home next year in two tranches. Sinckler also said that high
ranking government officials will taking a pay cut. All Ministries have been instructed to cut travel budgets by 50 per cent immediately. In 2014, from the government’s side, we are set to initiate a set of major public sector investments either directly on our own or in PPP (Public Private sector Partnership) arrangements.
Thoughts, Comments, and/or Reaction:
The job cuts and cutbacks in Barbados are set into place in order to save money and a $143 million gap. People losing their jobs is never good yet it is necessary for the economy of Barbados. Government is there to take care of the country/place. Minister of Finance finds this decision tough and wouldn't want to take any measures to effect a persons financial and social livelihood, yet he is there to protect the economy of his country.
Article's Relation to "Politics"
This article is related to politics because it deals with the economy and government of Barbados. It shows how a government decision can effect the lives of many people. Pay cuts are occurring within government settings. The decision made by the Minster of Fiance effects government officials too.
These job cuts could cause the economy to plummet.