Sinckler: Job cuts and cutbacks
ROUGHLY 3 000 public sector employees will be on the bread line next year, while high-ranking Government officials will be taking a pay cut.
Those were two of the cost saving measures announced by Minister of Finance Chris Sinckler moments ago in a Ministerial Statement in Parliament.
Sinckler said the Democratic Labour Party government was trying to plug a gap of $143 million annually including $34 million in the last quarter of the year.
As a result, 3 000 public servants, both from central government and statutory corporations will be going home next year in two tranches.
The first 2 000 will go in January 15, followed by 1 000 on March 1. In addition, the service will be trimmed by a further 500 through natural attrition like retirement.
Sinckler said all Members of Parliament, permanent secretaries and personal assistants were taking a ten per cent salary reduction.
Additionally, all Ministries have been instructed to cut travel budgets by 50 per cent immediately. (RRM)