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Guantánamo workers face two-month salary delay amid liquidity crisis
Workers at a commerce and gastronomy enterprise in Manuel Tames, Guantánamo, have not received salaries for two months. The issue was addressed during a provincial socio-economic meeting led by Yoel Pérez García, the first secretary of the Communist Party in Guantánamo.
While authorities acknowledged the delay in wage payments, they provided no specific reasons for the non-payment or a timeline for when the workers would be compensated. This situation is a symptom of a broader liquidity crisis in the eastern province. In July, officials reported that provincial banks lacked sufficient cash for daily operations. For instance, the Banco de Crédito y Comercio (Bandec) reportedly captured only about 35 percent of the 15 million pesos required daily for its operations.
The cash shortage has forced unconventional measures, such as involving 113 private businesses to help manage cash pension payments for over 3,000 retirees. Additionally, the province continues to face other challenges, including water supply issues and difficulties regarding the effectiveness of pension contributions from the non-state sector.
Entities
Banco Popular de Ahorro · Banco de Crédito y Comercio · Guantánamo · Manuel Tames · Yoel Pérez García